Timothy receive stock options with an exercise price of $25. timothy exercised these options two years after the date of the grant when the stock price is $40 per share. he sold the ISO shares three years later when the stock was trading at $47 per share. which of the following statements is correct

Timothy would have a long-term capital gains of $22 per share at sale

Timothy would have W-2 income of $15 per share upon exercise

Timothy would have $25 per share of AMT income upon exercise

Timothy is adjustable bases for regular income tax would be $40 per share at exercise