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Orange Inc. issued 20,000 nonqualified stock options valued at $40,000 (in total). The options vest entirely in 2015, the year after issue. The options were

Orange Inc. issued 20,000 nonqualified stock options valued at $40,000 (in total). The options vest entirely in 2015, the year after issue. The options were all exercised in 2015 with a bargain element on each option of $3. What is the 2015 book-tax difference associated with the stock options?

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