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Required information The following information applies to the questions displayed below On January 1, year 1, Dave received 2,400 shares of restricted stock from his

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Required information The following information applies to the questions displayed below On January 1, year 1, Dave received 2,400 shares of restricted stock from his employer, RRK Corporation. On that date, the stock price was $16 per share Dave's restricted shares will vest at the end of year 2. He intends to hold the shares unti the end of year 4 when he intends to sell them to help fund the purchase of a new home. Dave predicts the share price of RRK will be $40 per share when his shares vest and will be $50 per share when he sells them. (Leave no answer blank Enter zero if applicable. Round your final answer to the nearest whole dollar value) stock price predictions are correct, what are the taxes due on these transactions to Dave if his percent and his long-term capital gains rate is 15 percent? Grant dale Vesting date MacBook Air 888 ra 3 5 8 9

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