Question: TB MC Qu . 1 2 - 6 0 ( Algo ) Stevie recently received... Silvie recently received 1 , 0 7 5 shares of

TB MC Qu.12-60(Algo) Stevie recently received...
Silvie recently received 1,075 shares of restricted stock from Silvie's employer, Bricks Corporation, when the share price was $8 per share. Silvie's restricted shares vested three years later when the market price was $11. Silvie held the shares for a little more than three years and then sold them when the market price was $16. Assuming Silvie made an 83(b) election, what is the amount of Silvie's ordinary income with respect to the restricted stock?
Multiple Choice
$0
$5,375
$8,600
$11,825

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