please help with Schedle D and form 8949

Required information The following information applies to the questions displayed below) Pratt is ready to graduate and leave College Park. His future employer (Ferndale Corporation offers the following four compensation packages from which Pratt may choose. Pratt will start working for Ferndale on January 1 year 1 Benefit Description Option1 Option 2 Option Salary Option $ 61,880 $ 51,500 $ 46,500 Health insurance 5.46.500 No coverage $ 5,060 $ 5,060 $ 5,050 Restricted stock 1,000 shares NQO'S 1e options Assume that the restricted stock is 1.000 shares that trade at $5 per share on the grant date January 1 year 1) shares are expected to be worth $10 per share on the vesting date at the end of years and no 83(b) election is made Assume that the NQOS (100 options) each allows the employee to purchase 10 shares at $5 exercise price. The stock trades at $5 per share on the grant date January 1, year 1) and is expected to be worth $10 per share on the vesting date at the end of year 1, and the options are exercised and sold at the end of the year. Also assume that Pratt spends on average 53,090 on health-related costs that will be covered by insurance if he had coverage or is an after-tax expense it he isn't covered by insurance (treat this as a cash outflow). Assume that Pratt's marginal tax rate is 35 percent. (ignore FICA taxes and time value of money considerations Assuming Pratt chooses Option 3 and sells the stock on the vesting date on the last day of year 1). complete Pratt's Schedule and Required information ReY A Rey What is the after-tax value of each compensation package for year 1? (Leave no answers blank. Enter zero if applicable.) Description Option 1 Option 2 Option 3 Option 4 Salary S 61,800 $ 51,500 5 46,500 $ 46,500 Restricted stock $ Os 0 $ 10,000 $ 0 NQO's 0 0 0 5,000 Taxable Total S 61.800 5 51,500 $ 56,500 5 51,500 Tax Rate 35% 35% 35% 35% Tax Paid $ 21,630 S 18.025 $ 19,775 $ 18,025 Net cash received at exercise $ 0 $ or 5 or $ 5.000 After-tax cash value 40,1705 33.475 5 36,725 s 33.475 Health care expenses S 3,090 5 Os os 0 0 After-tax value $ 37,080s 33 475s 36,7255 33.475 ReqB> 2020 Form 8949 Sales and Other Dispositions of Capital Assets OMB No 1545-0074 Department of the Treasury Internal Revenue Go to win govorms for instructions and the latest Information Service File with your chevet int you wansactons for 1b 2. 06.9 and 10 of Schedule Attachment Sequence No 12A Name(s) shown on totum Social security number or lampayer identification number Pratt Before you check Bok A, B, or below, see whether you received any Fom) 1099-8 or substitute statements from your broker Asbe statement is how she same information as Form 1099-8. Either will show whether your best usually your coat) was reported to me by your broker and may even you which box to check Part 1 Short Term. Transactions involving capital assets you held 1 year o teus se generally short-term seestructions for long testisser page 2 Note: You may regate hot transaction reported on Pom) 1000 showegbase waported to me and for which or codes are required Enter the total de bedden you need to mothese transaction Form 640 ( schon You must check Box A, B, or below. Check only one box. more than one box applies for you to embracions complete a separate Form 1049 1 for each colcable box if you have more short transactions that this page for one or more of the bones complete as many form with the same box checked as you need KA Short term transactions reported on Forms 10993 showing Basis was reported to the Notebo (6) Short-term transaction reported on Forms 100-showego w reported to the IRS Short-term transactions not imported to you on Form 1000- day to go or if you Ngan (e Gontoret Butto Seemeentos con tanto (dy Pics See separacions Bombonidan (Descroton of property D) Date aceed Mo Date old or depende see one in the co pate Amor Code om Seption (MO day day Example 100 XY 2C struction co F10,000 Shares of Femdale 12/31/41 12/31/1 stock E PSY SCHEDULE D Capital Gains and Losses Form 1040) OMB No 1545-0074 Mach to Form 1040 1040-SR or 1040-NA Department of the Treasury to www.rsgow schedule for instruction and the latest mason 2020 Internal Revenue Service (90) Use Form 949 to list your bransactions for Ines 16. 23.0, 10 Name() shown on totum Attachment See N 12 Pratt Your social security number Did you dispose of any investment in a qualified opportunity fund during the tax year? Yes No If Yes attach Form 8949 and see its instructions for additional requirements for reporting your gain or loss Part 1 Short Term Capital Gains and London Generally Assets Held One Year or Less (see Instruction) See instructions for how to figure the amounts to enter on the lines below Adustments to d) Processes Costcore gan room Gamo Subha columna from com This form may be easier to complete you found off cents to wholedo price ba Forma 940. Pati Id and combine the result with colum Ine2.com 18 Total for a short transactions on For 1095-6 for which basis was noted to the IRS and for which you have sestruction Hove you choose to report actions on Form 6040 love this bankas 00 Inelu 1 Totals for transactions reported on Form 949 with Box AAN 2Total son reported on Forms Box checked 3 Total transactions reported on Foxhecked 3 100001 102050 4 Shonen on 252 and 404 Nehogan of Darships con MOST Shops canyover en CNG Converse the one Nelson Cain 1 Windle Partit below On Partha Part II Long Term Capital Gains and Losses Generally Assets Held More Than One Year e instruction) Sue Seestruction of how to gure the amounts to aces Proceeds Prand.com TNS to you found of cards todos Yor O orallongemasseported on 1000 De 10 RS instruction if you choose to report Sinc Required information The following information applies to the questions displayed below) Pratt is ready to graduate and leave College Park. His future employer (Ferndale Corporation offers the following four compensation packages from which Pratt may choose. Pratt will start working for Ferndale on January 1 year 1 Benefit Description Option1 Option 2 Option Salary Option $ 61,880 $ 51,500 $ 46,500 Health insurance 5.46.500 No coverage $ 5,060 $ 5,060 $ 5,050 Restricted stock 1,000 shares NQO'S 1e options Assume that the restricted stock is 1.000 shares that trade at $5 per share on the grant date January 1 year 1) shares are expected to be worth $10 per share on the vesting date at the end of years and no 83(b) election is made Assume that the NQOS (100 options) each allows the employee to purchase 10 shares at $5 exercise price. The stock trades at $5 per share on the grant date January 1, year 1) and is expected to be worth $10 per share on the vesting date at the end of year 1, and the options are exercised and sold at the end of the year. Also assume that Pratt spends on average 53,090 on health-related costs that will be covered by insurance if he had coverage or is an after-tax expense it he isn't covered by insurance (treat this as a cash outflow). Assume that Pratt's marginal tax rate is 35 percent. (ignore FICA taxes and time value of money considerations Assuming Pratt chooses Option 3 and sells the stock on the vesting date on the last day of year 1). complete Pratt's Schedule and Required information ReY A Rey What is the after-tax value of each compensation package for year 1? (Leave no answers blank. Enter zero if applicable.) Description Option 1 Option 2 Option 3 Option 4 Salary S 61,800 $ 51,500 5 46,500 $ 46,500 Restricted stock $ Os 0 $ 10,000 $ 0 NQO's 0 0 0 5,000 Taxable Total S 61.800 5 51,500 $ 56,500 5 51,500 Tax Rate 35% 35% 35% 35% Tax Paid $ 21,630 S 18.025 $ 19,775 $ 18,025 Net cash received at exercise $ 0 $ or 5 or $ 5.000 After-tax cash value 40,1705 33.475 5 36,725 s 33.475 Health care expenses S 3,090 5 Os os 0 0 After-tax value $ 37,080s 33 475s 36,7255 33.475 ReqB> 2020 Form 8949 Sales and Other Dispositions of Capital Assets OMB No 1545-0074 Department of the Treasury Internal Revenue Go to win govorms for instructions and the latest Information Service File with your chevet int you wansactons for 1b 2. 06.9 and 10 of Schedule Attachment Sequence No 12A Name(s) shown on totum Social security number or lampayer identification number Pratt Before you check Bok A, B, or below, see whether you received any Fom) 1099-8 or substitute statements from your broker Asbe statement is how she same information as Form 1099-8. Either will show whether your best usually your coat) was reported to me by your broker and may even you which box to check Part 1 Short Term. Transactions involving capital assets you held 1 year o teus se generally short-term seestructions for long testisser page 2 Note: You may regate hot transaction reported on Pom) 1000 showegbase waported to me and for which or codes are required Enter the total de bedden you need to mothese transaction Form 640 ( schon You must check Box A, B, or below. Check only one box. more than one box applies for you to embracions complete a separate Form 1049 1 for each colcable box if you have more short transactions that this page for one or more of the bones complete as many form with the same box checked as you need KA Short term transactions reported on Forms 10993 showing Basis was reported to the Notebo (6) Short-term transaction reported on Forms 100-showego w reported to the IRS Short-term transactions not imported to you on Form 1000- day to go or if you Ngan (e Gontoret Butto Seemeentos con tanto (dy Pics See separacions Bombonidan (Descroton of property D) Date aceed Mo Date old or depende see one in the co pate Amor Code om Seption (MO day day Example 100 XY 2C struction co F10,000 Shares of Femdale 12/31/41 12/31/1 stock E PSY SCHEDULE D Capital Gains and Losses Form 1040) OMB No 1545-0074 Mach to Form 1040 1040-SR or 1040-NA Department of the Treasury to www.rsgow schedule for instruction and the latest mason 2020 Internal Revenue Service (90) Use Form 949 to list your bransactions for Ines 16. 23.0, 10 Name() shown on totum Attachment See N 12 Pratt Your social security number Did you dispose of any investment in a qualified opportunity fund during the tax year? Yes No If Yes attach Form 8949 and see its instructions for additional requirements for reporting your gain or loss Part 1 Short Term Capital Gains and London Generally Assets Held One Year or Less (see Instruction) See instructions for how to figure the amounts to enter on the lines below Adustments to d) Processes Costcore gan room Gamo Subha columna from com This form may be easier to complete you found off cents to wholedo price ba Forma 940. Pati Id and combine the result with colum Ine2.com 18 Total for a short transactions on For 1095-6 for which basis was noted to the IRS and for which you have sestruction Hove you choose to report actions on Form 6040 love this bankas 00 Inelu 1 Totals for transactions reported on Form 949 with Box AAN 2Total son reported on Forms Box checked 3 Total transactions reported on Foxhecked 3 100001 102050 4 Shonen on 252 and 404 Nehogan of Darships con MOST Shops canyover en CNG Converse the one Nelson Cain 1 Windle Partit below On Partha Part II Long Term Capital Gains and Losses Generally Assets Held More Than One Year e instruction) Sue Seestruction of how to gure the amounts to aces Proceeds Prand.com TNS to you found of cards todos Yor O orallongemasseported on 1000 De 10 RS instruction if you choose to report Sinc