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In 20x8, Nelly exercised 1,500 NQSOs and recognized $28,500 of ordinary income related to the exercise. As a result, Nelly's employer, Bright Enterprises, is able

In 20x8, Nelly exercised 1,500 NQSOs and recognized $28,500 of ordinary income related to the exercise. As a result, Nelly's employer, Bright Enterprises, is able to deduct $28,500 on its tax return related to Nelly's stock compensation in 20x8. Calculate.

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