Maren received 11 NQOs (each option gives her the right to purchase 9 shares of stock for $9 per share) at the time she started working when the stock price was $7 per share. When the share price was $16 per share, she exercised all of her options. Eighteen months later, she sold all of the shares for $21 per share. How much gain will Maren recognize on the sale of the shares and how much tax will she pay assuming her marginal tax rate is 37 percent? Multiple Choice $0 gain and $0 tax $1,188 gain and $238 tax $495 gain and \$99 tax $495 gain and $183 tax Kevin is the financial manager of Levingston BMW. The shop allows employees to purchase up to two vehicles per year at a discount. Levingston's average gross profit percentage is 15 percent. This year Kevin purchased a 530 model and a new M3. What amount must Kevin include in income? Multiple Choice $22,000 $2,950 $2,970 $0