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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

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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 exercised all of his options when the share price was $38 per share. Two years after acquiring the shares, he sold them at $59 per share. Note: Input all amounts as positive values. Leave no answer blank. Enter zero if applicable. Required: 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? 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 sold the shares? c. Assume that Yost is "cash poor" and needs to engage in ajsame-day sale in order to buy his shares. Due to his bellef 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 payable on the exercise? d. Assume that Yost's options were exercisable at $24 and expired after five years. If the stock only reached $22 during its high point during the five-year period, what are Yost's tax consequences on the grant dote, the exercise date, and the date the shares are soid, assuming his ordinary marginal rate is 35 percent and his long-term capital gains rote is 15 percent? Complete this question by entering your answers in the tabs below. What are Yost's taxes due on the grant date, exercise date, and sale date, assuming his ordinary marginal rate is 35 percent 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? Complete this question by entering your answers in the tabs below. 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 sold the shares? Assume that Yost is "cash poor" and needs to engage in a same-day sale in order to buy his shares. Due to his bellef 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 payable on the exercise? Assume that Yost's options were exercisable at $24 and expired after five years. If the stock only reached $22 during its high point during the five-year period, what are Yost's tax consequences on the grant date, the exercise date, and the date the shares are solc assuming his ordinary marginal rate is 35 percent and his long-term capital gains rate is 15 percent? Complete this question by entering your answers in the tabs below. Assume that Yost's options were exercisable at $24 and expired after five years. If the stock only reached $22 during its high polit during 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

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