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Required information The following information applies to the questions displayed belowj Antonio received 40 ISOS (each option gives him the nght to purchase 20 shares
Required information The following information applies to the questions displayed belowj Antonio received 40 ISOS (each option gives him the nght 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 shates he recelves from the options exercise. Note: Enter all amounts as positive values. Leave no answers blank. Enter zero if opplicable. b. What are Zorro's tax consequences on the grant date, the exercise date, and the date Antonlo selis the shares
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