11) 11) All of the following characteristics are true of an incentive stock option with the exception of A) the employee cannot own more than ten percent of the voting power of the employer corporation's stock immediately prior to the option's grant date. B) there is no limit to the value of the options that become exercisable to an employee in a single year. C) the option must be granted within ten years from the date the plan is adopted and the employee must exercise the stock option within ten years from the grant date. D) the option price must be equal to or greater than the stock's FMV on the option's grant date. 12) 12) Tyne is a 48-year-old an unmarried taxpayer who is not an active participant in an employer-sponsored qualified retirement plan. Before IRA contributions, her AGI is $67,000 in 2020. What is the maximum amount she may contribute to a tax deductible IRA? A) $4,800 B) $7,000 C) $0 D) $6,000