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Yost received 300 NQOs (each option gives Yost the right to purchase 10 shares of Cutter Corporation stock for $26 per share) at the time

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Yost received 300 NQOs (each option gives Yost the right to purchase 10 shares of Cutter Corporation stock for $26 per share) at the time he started working for Cutter Corporation three years ago. Cutter's stock price was $26 per share. Yost exercises all of his options when the share price is $52 per share. Two years after acquiring the shares, he sold them at $80 per share. (Input all amounts as positive values. Leave no answer blank. Enter zero if applicable.) 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 capital gains rate is 15 percent? Income Amount Taxes Due Grant date Exercise date Sale date

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