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$1500 is also incorrect Required information [The following information applies to the questions displayed below On January 1, yeer 1, Dave received 1,000 shares of

image text in transcribed$1500 is also incorrect
Required information [The following information applies to the questions displayed below On January 1, yeer 1, Dave received 1,000 shares of restricted stock from his employer, RRK Corporation. On that date, the stock price was $7 per share. Dave's restricted shares will vest at the end of year 2. He intends to hold the shares until the end of year 4 when he intends to sell them to help fund the purchase of a new home. Dave predicts the share price of RRK will be $30 per share when his shares vest and will be $40 per share when he sells them. (Leave no answer blank. Enter zero if applicable. Input all amounts as positive values.) b. If Dave's stock price predictions are correct, what are the tax consequences of these transactions to RRK if its marginal rate is 21 percent? (Leave no answer blank. Enter zero if applicable. Input all amount as positive values.) & Answer is complete but not entirely correct. Tax Benefit Grant date Vesting date Sale date - s63000 1,200

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