Required information $2023$ Tax rate scedule

Problem $12-31($LO $12-2)($Static$)$

$[$The following information applies to the questions displayed below.$]$

Antonio received $40$ ISOs $($each option gives him the right to purchase $20$ shares of Zorro stock for $$3$ per share$)$ at the

time he started working for Zorro Corporation six years ago. Zorro's stock price was $$3$ per share at the time. Now that

Zorro's stock price is $$50$ per share, Antonio intends to exercise all of his options and immediately sell all the shares he

receives from the options exercise.

Note: Enter all amounts as positive values. Leave no answers blank. Enter zero if applicable.

Problem $12-31$ Part a $($Static$)$

a$.$ What are Antonio's taxes due on the grant date, the exercise date, and the date the shares are sold, assuming his ordinary marginal

rate is $32$ percent and his long$-$term capital gains rate is $15$ percent?