Rick recently received 545 restricted shares from his employer, Crazy Corporation, when the stock price was $14
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Rick recently received 545 restricted shares from his employer, Crazy Corporation, when the stock price was $14 per share. Rick's restricted shares vested three years later, when the market price was $21. Rick held the shares for a little over a year, selling them when the market price was $24.
What is the amount of Rick's profit from the sale of the shares? Assuming a marginal tax rate of 30 percent, what is Rick's tax on the sale of stock?
Related Book For
Taxation Of Individuals And Business Entities 2015
ISBN: 9780077862367
6th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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