Mr. Tang has a Hong Kong employment with Longtime Ltd. On 1 July 2020, Mr. Tang was
Fantastic news! We've Found the answer you've been seeking!
Question:
Mr. Tang has a Hong Kong employment with Longtime Ltd. On 1 July 2020, Mr. Tang was granted 10,000 shares by Longtime Ltd., subject to a vesting period of two years. The 10,000 shares were fully vested on 1 July 2022. He sold 5,000 shares on 30 November 2022. The market values of the shares were $10 on 1 August 2020, $20 on 1 July 2022, and $25 on 30 November 2022.
What is the taxable amount when Mr. Tang sold his shares?
a. $225,000.
b. $100,000.
c. $0.
d. $250,000
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date: