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Required information Problem 12-28 (LO 12-2) (Algo) [The following information applies to the questions displayed below.] Yost received 300 NQOs (each option gives Yost the
Required information Problem 12-28 (LO 12-2) (Algo) [The following information applies to the questions displayed below.] Yost received 300 NQOs (each option gives Yost the right to purchase 10 shares of Cutter Corporation stock for $23 per share). At the time he started working for Cutter Corporation three years ago, Cutter's stock price was $23 per share. Yost exercised all of his options when the share price was $46 per share. Two years after acquiring the shares, he sold them at $71 per share. Note: Input all amounts as positive values. Leave no answer blank. Enter zero if applicable. Problem 12-28 Part b (Algo) b. What are Cutter Corporation's tax consequences (amount of deduction and tax savings from deduction) on the grant date, the exercise date, and the date Yost sold the shares
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