In 2019, a public compayny issued stock options to a key employee. The options granted the right to purchase 1,276 shares at $20 per share for two years. The shares were trading at $20 per share at the time of granting. In 2020, when the market price of the shares was $42 per share, the employee exercised all the options.

Determine the impact on the employee's employment income in 2020.