Question: Mark received 1 0 ISOs at the time he started working for Hendricks Corporation five years ago when Hendricks s price was $ 6 per
Mark received ISOs at the time he started working for Hendricks Corporation five years ago when Hendrickss price was $ per share each option gives him the right to purchase shares of Hendricks Corporation stock for $ per share Now that Hendrickss share price is $ per share, he intends to exercise all options and hold all of his shares for more than year. Assume that more than a year after exercise, Mark sells the stock for $ a share. What are Marks tax consequences on the exercise date assuming his ordinary marginal rate is percent and his longterm capital gains rate is percent? Ignore AMT consequences
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