recognized: 0 \$ $400 of long-term capital gain, (ii) $500 of long-term capital gain 531 poini 150 s You were granted 100 incent we stock options from your employer, Sherwin Williams with a strike price of \$18/share when its FMV was also $18/ share. Two years later you exercised all your options when the price was $20/ share and two years after that you sold all shares for $31/ shares. What were your tax consequences at (i) the point of exercise of eptions and (ii) the sale of shares? $0 ordinary income; $1,300 ordinary income No tax consequences; $1,300 of long-term capital gain $200 ordinary income; $1,100 long-term capital gain $200 long-term capital gain; $1.100 long-term capital gain S4 1 point In some cases 100% of the Social Security is taxable in some cases 50% of Social Security is taxable In some cases $4,500 of Social Scturity is taxable In some cases 85% of Social Security is taxable