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What amount is included in hs overall taxable income

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Question - H is employed by a public corporation. In year 1, H was granted a stock option to acquire 3,000 shares from the treasury of her employer's corporation for $10 a share. At the time of receiving the option, the shares were valued at $8 per share. In year 3, H exercised her option and purchased 3,000 shares for $30,000. At the purchase date in year 3, the shares were valued at $13 per share. In year 5, H sold 3,000 shares for $18 per share. What amount is included in H's overall taxable income in year 3?

Reference no: EM133128457

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