Question: Required information Problem 1 2 - 3 0 ( LO 1 2 - 2 ) ( Static ) [ The following information applies to the

 Required information Problem 12-30(LO 12-2)(Static) [The following information applies to the
Required information
Problem 12-30(LO 12-2)(Static)
[The following information applies to the questions displayed below.]
Mark received 10 ISOs (each option gives him the right to purchase 10 shares of Hendricks Corporation stock for $5 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 $35 a share.
Note: Enter all amounts as positive values. Leave no answers blank. Enter zero if applicable.
Problem 12-30 Part a (Static)
a. What are Mark's taxes due on the grant date, the exercise date, and the date he sells the shares, assuming his ordinary marginal rate is 32 percent and his long-term capital gains rate is 15 percent?
\table[[,Taxes Due],[Grant date,$,0],[Exercise date,$,0],[Sale date,,]]
questions displayed below.] Mark received 10 ISOs (each option gives him the

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