GMFP Inc. granted non-qualified stock options to an employee, Jason, on January 1, 2011. The strike price was $60 per share, and the FMV of GMFP stock was also $60 per share on the grant date. The options allowed Jason to purchase 10 shares of GMFP stock. Jason exercised the option on August 1, 2014 when the stocks FMV was $80 per share. What is the tax effect of the exercise to Jason?

Question 6 options:

	$0
	$20 per share long-term capital gain
	$20 per share ordinary income
	$80 per share ordinary income