#36

Tom recently received 2170 shares of restricted stock from his employer, Independence Corporation, when the share price was $12 per share. Tom's restricted shares vested three years later when the market price was \$16. Tom held the shares for a little more than three years and sold them when the market price was $14. What is the amount of Tom's income or loss on the sale? Multiple Choice $2.170 loss $4,340 loss $4,340 gain $0 has contributed $21,300 to her account. What amount of the distribution is taxable and subject to early distribution penalty (if any)? Multiple Choice $35.200 $5,650 \$0 $56,500