Yost received 300 NQOS ( each option gives Yost the right to purchase 10 shares of Cutter Corporation stock for $19 per share) at the time he started working for Cutter Corporation three years ago. Cutter's stock price was $19 per share. Yost exercises all of his options when the share price is $38 per share. Two years after aquiring the shares, he sold them at $59 per share.

a.) What are Yost's amount of income/gain recognized and amount of taxes payable on the grant date, exercise date, and sale date, assuming his ordinary marginal rate is 35 percent and his long-term cpaital gains rate is 15 percent?

	Income Amount	Taxes Due
Grant date
Exercise date
Sale date