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[ The following information applies to the questions displayed below. ] Yost received 3 0 0 NQOs ( each option gives Yost the right to

[The following information applies to the questions displayed below.]
Yost received 300 NQOs (each option gives Yost the right to purchase 10 shares of Cutter Corporation stock for $15 per
share). At the time he started working for Cutter Corporation three years ago, Cutter's stock price was $15 per share. Yost
exercised all of his options when the share price was $26 per share. Two years after acquiring the shares, he sold them at
$47 per share.
Note: Input all amounts as positive values. Leave no answer blank. Enter zero if applicable.
Problem 12-28 Part b (Static)
b. What are Cutter Corporation's tax consequences (amount of deduction and tax savings from deduction) on the grant date, the
exercise date, and the date Yost sold the shares?
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