Question: Question 13 (2 points) Saved Patrick was granted a stock option in September 2010 under his employer's nonstatutory stock option plan. Patrick was granted an

 Question 13 (2 points) Saved Patrick was granted a stock option

Question 13 (2 points) Saved Patrick was granted a stock option in September 2010 under his employer's nonstatutory stock option plan. Patrick was granted an option to purchase 10,000 shares at 70 per share the market price at the time of the grant Patrick crercises the option in February 2012, purchasing 5,000 shares. The market price of the stock 580 per share ar the time of exercise Patrick sells the shares in May 2013 at a price of 100 per share. Patrick is in the 2596 tax bracket. What is the tax liability for Patrick due to the sale! $0 $25,000 $15,000 $12,500 $7,500

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