Required information

Problem $12-30($LO $12-2)($Algo$)$

$[$The following information applies to the questions displayed below.$]$

Mark received $10$ ISOs $($each option gives him the right to purchase $14$ shares of Hendricks Corporation stock for $$8$ per

share$)$ at the time he started working for Hendricks Corporation five years ago, when Hendricks's stock price was $$5$ per

share. Now that Hendricks's share price is $$35$ per share, Mark intends to exercise all of his options and hold all of his

shares for more than one year. Assume that more than a year after exercise, Mark sells the stock for $$35$ a share.

Note: Enter all amounts as positive values. Leave no answers blank. Enter zero if applicable.

Problem $12-30$ Part a $($Algo$)$

a$.$ What are Mark's taxes due on the grant date, the exercise date, and the date he sells the shares, assuming his ordinary marginal

rate is $32$ percent and his long$-$term capital gains rate is $15$ percent?