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[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

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[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 540 per share). At the time he started working for Cutter Corporation three years ago, Cutter's stock price was $40 per share Yost exercised all of his options when the share price was $80 per share. Two years after acquiring the shares, he sold them at $122 per share. (Input all amounts as positive values. Leave no answer blank. Enter zero if applicable) a. What are Yost's taxes due on the grant date, exercise date, and sale date, assuming his ordinary marginal rate is 35 percent and his long-term capital gains rate is 15 percent? Income Amount Taxes Due Grant date Exercise date Sale date Brady recently graduated from SUNY-New Paltz with his bachelor's degree. He works for Makarov & Company CPAs. The firm pays his tuition ($10,000 per year) for him so that he can receive his Master of Science in Taxation, which will qualify him to sit for the CPA exam How much of the $10,000 tuition benefit does Brady need to include in gross income? Taxable tuition benefit Meg works for Freedom Airlines in the accounts payable department . Meg and all other employees receive free flight benefits (for the employee, family, and 10 free buddy passes for friends per year) as part of its employee benefits package If Meg uses 45 flights with a value of $20,655 this year, how much must she include in her compensation this year? Amount included

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