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On January 15,2018 Paul exercised an incentive stock option (ISO) granted to her by her employer. Her option enabled her to purchase 1,000 shares of
On January 15,2018 Paul exercised an incentive stock option (ISO) granted to her by her employer. Her option enabled her to purchase 1,000 shares of stock for $10. per share. When she exercised her option, the stock was trading at $15 [er share. She sold he sold he stock at a gain six months later. When the stock was trading at $22 per share.How much does Paul report as ordinary income from compensation as a result of this tranaction?
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