Jaye receives an option to purchase shares of City Company as a benefit of employment. The option specifies that Jaye can purchases shares for $ $15$ each. On January $1$ of the current year, Jaye exercises options to purchase $60$ shares for $ $900.$ At the time, the shares are trading for $ $75$ each on a public exchange. Using only this information, what are the tax consequences to Jaye when he exercises the stock options?Question content area bottomPart $1$A$.$Jim has a taxable capital gain of $ $4$ comma $500.$B$.$Jim has a taxable capital gain of $ $4$ comma $500.$C$.$Jim has an adjusted cost base of $ $15/$share in the shares of City Company.D$.$Jim has an adjusted cost base of $ $75/$share in the shares of City Company.