undefined

Problem 12-28 (LO 12-2) (Algo) [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 $21 per share). At the time he started working for Cutter Corporation three years ago, Cutter's stock price was $21 per share. Yost exercised all of his options when the share price was $42 per share. Two years after acquiring the shares, he sold them at $65 per share. (Input all amounts as positive values. Leave no answer blank. Enter zero if applicable.) Problem 12-28 Part a (Algo) 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