Ankita gets a raise and is now making $300,000 a year. As a bonus her company gives her a stock option to purchase 1000 company shares for $10 each. At the time she receive the options the stock was selling for $20 a share. Three years later she sells all the shares for $25 each What is her tax liability? For This year?

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Tax liability is defined as what an individual or corporate owe ... View the full answer