Company offers restricted stock to certain employees. Your client has the following grants (all of which vest equally over 4 years - starting 1 year from the grant date). If the stock vests on the anniversary it was given, how much compensation income should your client expect to report in her W-2 in 2015 under the following scenario:

1,000 shares granted 1/2/2013 - FMV was $20 per share

800 shares granted 1/2/2014 - FMV was $25 per share

800 shares granted 1/2/2015 - FMV was $30 per share

Price of the stock on 1/2/2015 is $50 per share.

a.Not enough information to calculate.

b.$10,000

c.$22,500

d.$32,500