Question 6 of 15 received a nonstatutory stock option from his employer on January 1,2018. The option gives him the right to purchase 100 shares of his established market, and its value could not be readily determined when it was granted. Al not exercise his option during the tax year, the value of the stock increased after he received the option. On December 31, 2018, the stock was trading at $20 per share. How much compensation does Martin include in his 2018 income as a result of being granted this option? $0 $900 $1,100 $2,000 company's stock at $11 per share. The option is not traded on an hough Martin di Mark for follow up Question 7 of 15 Douglas exercised a nonstatutory stock option on April 30, 2018. He purchased 1,000 shares of his company's stock for $10,000. The fair market value of the stock at the time of purchase was $15,000. He included the $5,000 difference between the fair market value and the purchase price as compensation income when he filed his 2018 return. What is Douglas's basis in the underlying stock? $0 $5,000 $10,000 $15,000 Mark for follow up