Question
On March 14, 2018, McKensie exercised stock option (ISD) granted to her by her employer. Her options enabled her to purchase 1,000 shares of stock
On March 14, 2018, McKensie exercised stock option (ISD) granted to her by her employer. Her options enabled her to purchase 1,000 shares of stock for $10 per share. As a result of this transaction, how much does McKensie report on her 2018 short-term capital gain income?
A: $0
B: $5,000
C: $6,000
D: $10,000
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