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Pooh recently received 500 shares of restricted stock from his employer, Disney Corporation, when the share price was $5 per share. Pooh's restricted shares vested

Pooh recently received 500 shares of restricted stock from his employer, Disney Corporation, when the share price was $5 per share. Pooh's restricted shares vested three years later, when the market price was $12. Pooh held the shares for a little more than a year and sold them when the market price was $15. What is the amount of Pooh's income and tax on all of the dates below. Assume a marginal tax rate of 32 percent and a preferential rate of 15%. Provide Pooh's income and tax consequences assuming (a) an 83(b) election is made and (b) an 83(b) election is not made...?

83(b) Election Income Tax
Grant Date
Vesting Date
Sale Date

NO 83(b) Election Income Tax
Grant Date
Vesting Date
Sale Date

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