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! Required information [ The following information applies to the questions displayed below. ] On January 1 , year 1 , Dave received 1 ,
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The following information applies to the questions displayed below.
On January year Dave received shares of restricted stock from his employer, RRK Corporation. On that date, the stock price was $ per share. On receiving the restricted stock, Dave made the election. Dave's restricted shares will vest at the end of year He intends to hold the shares until the end of year when he intends to sell them to help fund the purchase of a new home. Dave predicts the share price of RRK will be $ per share when his shares vest and will be $ per share when he sells them. Assume that Dave's price predictions are correct and answer the following questions: Leave no answers blank. Enter zero if applicable. Round your final answer to the nearest whole dollar value. Enter all amouns as positive values.
a What are Dave's taxes due if his ordinary marginal rate is percent and his longterm capital gains rate is percent?
tableTaxes DueGrant date,Vesting date,Sale date,
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