1. When a public corporation offers an employee an option to acquire shares at a specific price that is below those shares present fair market value, the employee will be able to take advantage of the employment deduction when the shares are exercise?
2. a) Trueb) False

1 points

QUESTION 12

1. When a CCPC offers an employee an option to acquire shares at a specific price that is above those shares present fair market value, the employee will have tax consequences both at the time the shares are acquired and later on when the shares are sold.
2. a) Trueb) False