2 out of 2 points III. Capital gains tax on difference between sale price and market value at exercise IV. Ordinary income tax on bargain element Please use the case: Cheryl when responding to this question. Which of the following choices correctly describe taxes that would be associated with the NSO options offered by Tech-Fair? III and IV,II. Ordinary income tax on stock price at day of grant,I. Capital gains tax on difference between exercise price and sale price