Question: On January 1 , year 1 , Dave received 1 , 4 0 0 shares of restricted stock from his employec, RRK Corporation. On that
On January year Dave received shares of restricted stock from his employec, RRK Corporation. On that dite, the mock price was $ per share. On receiling the restricted snock, Dave made the sfol election. Otrels restricted shares will vest at the end of year He intends to hold the shares until the end of year when he intends to sell them to help fund the purchase of a new home. Dave predicts the share price of RRK will be $ per share when his shares west and $ per share when he sells them. Assume that Dave's price predictions are correct, and answer the following questions
Note: Leave no answers blank. Enter zero if applicable. Round your final answer to the nearest whole dollar value. Enter all amounts as positive values.
Requirect:
a What are Dave's taxes due if his ordinary marginal rate is percent and his longerm capital gains rate is percent?
tableTrues CueGrant date,Venting date,$
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