Return to Required Information [The following information applies to the questions displayed below) Cammie received 100 NGOs (each option provides a right to purchase 10 shares of MNL stock for $10 per share) at the time she started working for MNL Corporation (5/1/71) four years ago when MNL's stock price was $8 per share. Now that MNL's stock price is $40 per share (8/15/Y5), she intends to exercise all of her options. After acquiring the 1,000 MNL shares with her options, she held the shares for over one year (10/1/Y6) and sold them at $60 per share. (Leave no answer blank. Enter zero if applicable. Input all amounts as positive values.) b. What are MNL Corporation's tax savings on the grant date (5/1/81), exercise date (8/15/Y5), and sale date (10/1/46)? Answer is complete but not entirely correct. Description Amount Tax savings on grant date $ 0 Tax savings on exercise date $ 833 Tax savings on sale date $ 0 Required information [The following information applies to the questions displayed below.) Cammle received 100 NGOs (each option provides a right to purchase 10 shares of MNL stock for $10 per share) at the time she started working for MNL Corporation (5/1/41) four years ago when MNL's stock price was $8 per share. Now that MNL's stock price is $40 per share (8/15/Y5)she intends to exercise all of her options. After acquiring the 1,000 MNL shares with her options, she held the shares for over one year (10/1/46) and sold them at $60 per share. (Leave no answer blank. Enter zero If applicable. Input all amounts as positive values.) a. What are Cammie's taxes due on the grant date (5//Y1), exercise date (8/15/Y5), and sale date (10/176), assuming her ordinary marginal rate is 32 percent and her long-term capital gains rate is 15 percent? Answer is complete but not entirely correct. Amount 0 S Tax on grant date Tax on exercise date Tax on sale date S $ 96 30 Next > MacBook Air