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Cammie received 100 NQOs (each option provides a right to purchase 10 shares of MNL stock for $10 per share) at the time she started

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Cammie received 100 NQOs (each option provides a right to purchase 10 shares of MNL stock for $10 per share) at the time she started working for MNL Corporation (5/1/41) four years ago when MNL's stock price was $8 per share. Now that MNL's stock price is $40 per share (8/15/Y5), 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 (10/1/Y6) and sold them at $60 per share. a. What are Cammie's taxes due on the grant date (5/1/Y1), exercise date (8/15/Y5), and sale date (10/1/Y6), assuming her ordinary marginal rate is 32 percent and her long-term capital gains rate is 15 percent? Amount Tax on grant date Tax on exercise date Tax on sale date b. What are MNL Corporation's tax savings on the grant date (5/1/Y1), exercise date (8/15/Y5), and sale date (10/1/96)? Amount Description Tax savings on grant date Tax savings on exercise date Tax savings on sale date

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