3.Cammie received 100 NQOs (each option provides a right to purchase 10 shares of MNL stock for $13 per share) at the time she started working for MNL Corporation four years ago when MNLs stock price was $8 per share. Now that MNLs stock price is $40 per share, she intends to exercise all of her options. After acquiring the 1,000 MNL shares with her options, she held the shares for over one year and sold them at $63 per share. What are Cammies tax consequences on the exercise date assuming her ordinary marginal rate is 32 percent and her capital gains rate is 15 percent?

4.Cammie received 100 NQOs (each option provides a right to purchase 10 shares of MNL stock for $13 per share) at the time she started working for MNL Corporation four years ago when MNLs stock price was $8 per share. Now that MNLs stock price is $40 per share, she intends to exercise all of her options. After acquiring the 1,000 MNL shares with her options, she held the shares for over one year and sold them at $63 per share. What are Cammies tax consequences on the date she sold the shares assuming her ordinary marginal rate is 32 percent and her capital gains rate is 15 percent?

5.Mark received 10 ISOs at the time he started working for Hendricks Corporation five years ago when Hendrickss price was $6 per share (each option gives him the right to purchase 10 shares of Hendricks Corporation stock for $7 per share). Now that Hendrickss share price is $35 per share, he intends to exercise all options and hold all of his shares for more than year. Assume that more than a year after exercise, Mark sells the stock for $35 a share. What are Marks tax consequences on the exercise date assuming his ordinary marginal rate is 32 percent and his long-term capital gains rate is 15 percent? (Ignore AMT consequences)

6.Mark received 10 ISOs at the time he started working for Hendricks Corporation five years ago when Hendrickss price was $6 per share (each option gives him the right to purchase 10 shares of Hendricks Corporation stock for $7 per share). Now that Hendrickss share price is $35 per share, he intends to exercise all options and hold all of his shares for more than year. Assume that more than a year after exercise, Mark sells the stock for $35 a share. What are Marks tax consequences on the date he sells the shares assuming his ordinary marginal rate is 32 percent and his long-term capital gains rate is 15 percent? (Ignore AMT consequences)