Max bought 100 shares of PET Corporation stock 10 years ago. He paid $10 per share for the stock. The stock currently has a fair market value of $50 per share. Choose the CORRECT statement regarding Max's stock.

Question 15 options:

a)	If Max does not sell the stock this year, he will not have to pay taxes on the difference between the amount he paid for the stock and the current market price this year.
b)	If Max sells the stock now, he must pay taxes on the full $5,000 he receives from the sale.
c)	If Max sells the stock now, he must pay taxes on only half the amount he receives from the sale.
d)	If Max does not sell the stock now, he must pay taxes on the difference between the amount he paid for the stock and the current market price, which will increase his basis in the stock.