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In March 2021, Serengeti exercised an ISO that had been granted by his employer, Thunder Corporation, in December 2018. Serengeti acquired 2,450 shares of Thunder
In March 2021, Serengeti exercised an ISO that had been granted by his employer, Thunder Corporation, in December 2018. Serengeti acquired 2,450 shares of Thunder stock for the exercise price of $100 per share. The fair market value of the stock at the date of exercise was $140 per share. If an amount is zero, enter "0". a. What is Serengeti's 2018 AMT adjustment related to the ISO? Adjustment: 4 Amount: $ b. What is Serengeti's 2021 AMT adjustment related to the ISO? Adjustment: Amount: $ B
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