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Yost received 300 NCOS (each option gives Yost the right to purchase 10 shares of Cutter Corporation stock for ( $ 23 ) per share).

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Yost received 300 NCOS (each option gives Yost the right to purchase 10 shares of Cutter Corporation stock for \\( \\$ 23 \\) per share). At the time he started working for Cutter Corporation three years ago, Cutter's stock price was \\( \\$ 23 \\) per share, Yost exercised all of his options When the share price was \\( \\$ 46 \\) per share Two years after acquiring the shares, he sold them at \\( \\$ 71 \\) per share. Note: Input all amounts as positive values, Leave no onswer blonk. Enter zero if applicable. Required: a. What are Yost's taxes due on the grant date, exercise date, and saie date, assumirig his ordinary marginat rate is 35 percent and his long-term capital gains rate is 15 percent? 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 soid the shares? c. Assume that Yost is \"cash poor\" and needs to engage in a same-day sale in order to buy his shares. Due to his belief that the stock price is going to increase significantly, he wants to maintain as many shares as possible. How many shares must he sell in order to cover his purchase price and taxes payoble on the exercise? d. Assume that Yosts options were exercisobic at \\( \\$ 28 \\) and expired after five years. If the stock onily reached \\( \\$ 26 \\) during its high point duling the five year period, what are Yost's tax consequences on the grant date, the exercise date, and the date the shares are sold, assuming his ordinary marginal rate is 35 percent and his long-term capital gains rate is 15 percent? Cormplete this question by entering your onswers in the tobs befow. What are noste taus due on the grant date, execcise date, and sale date, assuming his ordinary marginal rate io 35 percent. and his long term captal gains rate if 15 percent

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