1. To determine available retirement assets, all of the following should be included EXCEPT:

- Vested retirement plans

- IRA accounts

- 3 mos cash in savings for emergencies

- Annuities

2. What's the difference b/t an ISO and an NQSO? [Select best answer below]

- Regarding the sales date with ISO, the tax treatment can be STCG or LTCG , depending on the holding period; With NQSO, holders pay LTCG regardless of holding period

- Employers are limited to granting <= $100,000 to employees; ISO do not have this restriction

- ISO holders aren't taxed at exercise date but NQSO holders are taxed on the bargain element

- ISO holders pay taxes at the grant date, exercise date and sales date; NQSO holders only pay tax when the options are exercised