Required information [The following information applies to the questions displayed below.] Mark received 10 ISOs (each option gives him the right to purchase 14 shares of Hendricks Corporation stock for $9 per share) at the time he started working for Hendricks Corporation five years ago when Hendrickss stock price was $5 per share. Now that Hendrickss share price is $35 per share, Mark intends to exercise all of his options and hold all of his shares for more than one year. Assume that more than a year after exercise, Mark sells the stock for $35 a share. (Enter all amounts as positive values. Leave no answers blank. Enter zero if applicable.) a. What are Marks taxes due on the grant date, the exercise date, and the date he sells the shares, assuming his ordinary marginal rate is 32 percent and his long-term capital gains rate is 15 percent?

Required information [The following information applies to the questions displayed below.] Mark received 10 ISOs (each option gives him the right to purchase 14 shares of Hendricks Corporation stock for $9 per share) at the time he started working for Hendricks Corporation five years ago when Hendrickss stock price was $5 per share. Now that Hendrickss share price is $35 per share, Mark intends to exercise all of his options and hold all of his shares for more than one year. Assume that more than a year after exercise, Mark sells the stock for $35 a share. (Enter all amounts as positive values. Leave no answers blank. Enter zero if applicable.) b. What are Hendrickss tax consequences on the grant date, the exercise date, and the date Mark sells the shares, assuming its marginal tax rate is 21 percent?

Required information

[The following information applies to the questions displayed below.] On January 1, year 1, Dave received 1,250 shares of restricted stock from his employer, RRK Corporation. On that date, the stock price was $27 per share. On receiving the restricted stock, Dave made the 83(b) election. Daves restricted shares will vest at the end of year 2. He intends to hold the shares until 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 $31 per share when his shares vest and will be $44 per share when he sells them. Assume that Daves 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 amounts as positive values.)

a. If Daves stock price predictions are correct, What are Daves taxes due if his ordinary marginal rate is 32 percent and his long-term capital gains rate is 15 percent?