Question
6. Jane works for Microsoft. On December 1, 2022, as part of his yearly compensation Harold received 1000 shares of Microsoft then trading at
6. Jane works for Microsoft. On December 1, 2022, as part of his yearly compensation Harold received 1000 shares of Microsoft then trading at $ 250 a share. The stock is forfeitable, however if Jane quits working for IBM before January 1, 2027. Assume Jane does not make an election under section 83(b) of the Internal Revenue Code. How much taxable gross income does Jane have in 2022 relating to the Microsoft stock grant? Would your answer change if she made a section 83(b) election? If so, please explain the impact? (15 points)
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
