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Q 3 Last year, Judy's employer granted her nonqualified stock options to purchase 5 0 0 shares of employer stock at $ 2 0 per

Q3 Last year, Judy's employer granted her nonqualified stock options to purchase 500 shares of employer stock at $20 per share. Judy exercised the options this year when the fair market value of the stock was $30. What is the amount that Judy must include as W-2 compensation income this year?
a. $0
b. $7,500
c. $15,000
d. $5,000

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