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/Y1) four years ago when MNLs stock price was $8 per share. Now that MNLs 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.

b. What are MNL Corporations tax savings on the grant date (5/1/Y1), exercise date (8/15/Y5), and sale date (10/1/Y6)?

Description	Amount
Tax savings on grant date	$0selected answer correct
Tax savings on exercise date	$12,800selected answer incorrect
Tax savings on sale date	$0selected answer correct