John Due works for a publicly traded company. On Dec. $31,2020,$ John Due receives option to buy $10,000$ shares of employer's common stock at $$25/$share$.$ The company's shares are trading at $$25$ on Dec. $31,2020.$ All options are exercised on July $31,2022$ when shares are trading at $$43/$share$.$ Mr$.$ Due sells all shares on Sept. $30,2023$ for $$45/$share$.$

The increase in Mr$.$ Due's $2020$ taxable income will be:

$$Round your answer to the nearest whole$$ dollar; do not use comma or dollar sign

The increase in Mr$.$ Due's $2022$ taxable income will be:

$$Round your answer to the nearest whole$$ dollar; do not use comma or dollar sign

The increase in Mr$.$ Due's $2023$ taxable income will be:

$$Round your answer to the nearest whole$$ dollar; do not use comma or dollar sign

Answer rating: 100% (QA)

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