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I need help finding the taxes due on the sales date. 5 Required Informetlon Part 1 of 2 The following information applies to the questions
I need help finding the taxes due on the sales date.
5 Required Informetlon Part 1 of 2 The following information applies to the questions displayed below. Mark recelved 10 ISOs (each option gives hlm the right to purchase 12 shares of Hendricks Corporation stock for $6 per share) at the time he started working for Hendricks Corporation five years ago when Hendricks's stock price was $5 per share. Now that Hendricks's share price Is $35 per share, Mark Intends to exercise all of hls options and hold all of hls shares for more than one year. Assume that more than a year after exercise, Mark sells the stock for $35 a share. (Enter all emounts as positive values. Leave no answers blank. Enter zero If applicable.) 1.5 points a. What are Mark's taxes due on the grant date, the exercise date, and the date he sells the shares, assuming his ordinary marginal rate is 32 percent and his long-term caplital gains rate is 15 percent? Answer is not complete Taxes Due Grant date Exercise date Sale dateStep by Step Solution
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