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10) F is employed by a public corporation. In year 1, F was granted a stock option to acquire 1,000 shares from the treasury of
10) F is employed by a public corporation. In year 1, F was granted a stock option to acquire 1,000 shares from the treasury of her employers corporation for $8 a share. At the time of receiving the option, the shares were valued at $10 per share. In year 3, F exercised the option and purchased 1,000 shares for $8,000. At the purchase date in year 3, the shares were valued at $15 per share. In year 5, F sold 1,000 shares for $20 per share. What amount is included in Fs employment income for tax purposes in year 3(((
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