Pasqual Melo is employed by a public corporation. On January 1, 2019, she was given an option
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Question:
Pasqual Melo is employed by a public corporation. On January 1, 2019, she was given an option to purchase 1,000 shares of the public corporation for $8 per share (the option extended for two years).
On December 15, 2019, she exercised her option and bought 1,000 shares at $8 per share (total = $8,000).
On June 15, 2022, she sold 1,000 shares. The value of the shares at the particular dates was as follows:
Date option granted | $ 8.50 |
Date option exercised | 10 |
Date shares sold | 14 |
Related Book For
Canadian Income Taxation planning and decision making
ISBN: 9781259094330
17th edition 2014-2015 version
Authors: Joan Kitunen, William Buckwold
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