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L> Moving to another question will save this response. Question 22 1 points Save Answer (1 point) For the following scenario, determine whether the book-tax difference (if any) in 2016 is permanent or temporary. On January 1, 2015, Landmark Corporation offered its CFO 2,500 NQOs options to purchase the company's at the same price offered by the public market on that day, $11/share, at any date in the future after the CFO vests. The CFO will vest 25% of its options in 2015, 25% in 2016, and vest the remaining portion in 2017. The CFO promptly exercised all of his options on December 31, 2017 when he was 100% vested and turned around and sold all the shares for $15/share on the public market. Assume that on the grant date, Landmark Corporation estimated the value of the options would be $4/share. The company uses a calendar year tax period. 1. Not applicable as there is no book-tax difference. II. Permanent II. Temporary Question 22 of 41 n will cove this