Question $10$

Ava received $100$ NQOs $($each option provides a right to purchase $10$ shares of

CAM stock for $$8$ per share$).$ On $8/15/$Y$5$ CAM's stock price is $$22$ per share,

Ava exercised all of her options. After acquiring the CAM shares with her stock

options, she held the shares for over one year and sold on $10/1/$Y$6$ them at

$$34$ per share. Ava's ordinary marginal rate is $32$ percent and her long$-$term

capital gains rate is $15$ percent?

What are Ava's taxes due on the sale date $(10/1/$Y$6)?$

You Answered

Correct Answer

$1,800$ margin of error $\frac{+}{-}2$