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In 2003 Paige was granted 500 ISOs by her employer ABC Corp (strike price is $10/share). In 20X5, when Paige's options vested, ABC's stock
In 2003 Paige was granted 500 ISOs by her employer ABC Corp (strike price is $10/share). In 20X5, when Paige's options vested, ABC's stock was trading for $15/share. In 20X7, Paige exercised all 500 options when ABC's stock was trading for $30/share. Paige held all 500 shares for 15 months until September 20X8 when she sold her 500 shares for $45/share. How much will Paige include in her gross income in 20X8 when she sells the 500 shares? Round your answer to the nearest whole number.
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