Question
Station 19 Ltd. is a CCPC. Maya, one of the employees, was granted a stock option on February 5, 2018 for 10,000 shares at $6
Station 19 Ltd. is a CCPC. Maya, one of the employees, was granted a stock option on February 5, 2018 for 10,000 shares at $6 per share. Maya exercised the option on May 30, 2019 when the market price was $9 per share. In July 2021, Maya sold the shares for $10 each. The fair market value on February 5, 2018 was $7.
What is Maya's income for tax purposes, assuming she wants to minimize taxes of course?
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
9th Edition
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