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all of them if possible plz 34) Maren received 10 NQOs (each option gives her the right to purchase 10 shares of stock for $8

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all of them if possible plz

34) Maren received 10 NQOs (each option gives her the right to purchase 10 shares of stock for $8 per share) at the time she started working when the stock price was $6 per share, When the share price was $15 per share, she exercised all of her options. Eighteen months later, she sold all of the shares for $20 per share. How much gain will Maren recognize on the sale of the shares and how much tax will she pay assuming her marginal tax rate is 37 percent? a) $o gain and $0 tax b) $500 gain and $100 tax c) $500 gain and $185 tax d) $1,200 gain and $240 tax Answer: C 35) Stevie recently received 1,000 shares of restricted stock from her employer, Nicks Corporation, when the share price was $8 per share. Stevie's restricted shares vested three years later when the market price was $11. Stevie held the shares for a little more than a year and sold them when the market price was $16. Assuming Stevie made an 83(b) election, what is the amount of Stevie's ordinary income with respect to the restricted stock? a) $0 b) $5,000 c) $8,000 d) $11,000 Answer: D 36) Rachel receives employer-provided health insurance. The employer's cost of the health insurance is $6,000 annually. What is her employer's after-tax cost of providing the health insurance, assuming that the employer's marginal tax rate is 21 percent and the employer is profitable? a) $0 b) $1,260 c) $4,740 d) $6,000 Answer:D

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