Barbara received 7,000 shares of restricted stock on June 1, 2019 when the stock was valued at $2 per share. The shares vest on June 1, 2020 when the shares are valued at $8 per share. She continues to hold the shares after the vesting date. Note: Do not add a '$' dollar sign while entering the answer

a.When must Barbara recognize taxable income from the restricted stock if she does not make a Section 83(b) election? Write either grant date or vesting date in the blank.

b.What is the amount of her taxable income from the restricted stock if she does not make a Section 83(b) election?

c.What is the character of Barbaras taxable income from the restricted stock if she does not make a Section 83(b) election? Write either Ordinary or Long-term Capital Gain in the blank.

d.When must Barbara recognize taxable income from the restricted stock if she does make a Section 83(b) election? Write either grant date or vesting date in the blank.

e.What is the amount of her taxable income from the restricted stock if she does make a Section 83(b) election?

f. What is the character of Barbaras taxable income from the restricted stock if she does make a Section 83(b) election? Write either Ordinary or Long-term Capital Gain in the blank.