Question 10 (3 points) Saved Patrick was granted stock option in September 2010 under his employer's monscatory stock option plan Patnck was granted an option to purchase 10,000 shares ar 70 per share the market price at the time of the Bront Panck exercises the option in Pebruary 2012, purchasing 5.000 shares. The market price of the stock is Sto per stare at the time of exercise Patrick set the stores in May 2013 price or 100 per share. Patrick is in the 25tax bracket What is the taxable compensation for Patrick at the time he exercises the option $50,000 $100,000 $80,000 $0 $70,000