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A client receives ISOs with an exercise price of $24 when the stock is trading at $24. The client decides that she'd like to exercise

A client receives ISOs with an exercise price of $24 when the stock is trading at $24. The client decides that she'd like to exercise these options two years after the date of the grant. At that time, the stock price has risen to $35/share. What should you advise the client regarding the transaction? Group of answer choices The client will have W?2 income of $11/share upon exercise. The client will have $24 of AMT income upon exercise. The client's adjusted basis will be $35/share at exercise Upon exercise, the client will have no regular income for tax purposes

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