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Yost received 402 NQOs (each option gives Yost the right to purchase 10 shares of Cutter Corporation stock for $40.5 per share) at the time
Yost received 402 NQOs (each option gives Yost the right to purchase 10 shares of Cutter Corporation stock for $40.5 per share) at the time he started working for Cutter Corporation three years ago. Cutter's stock price was $40.5 per share. Yost exercises all of his options when the share price is $51.5 per share. Two years after acquiring the shares, he sold them at $72.5 per share. (Input all amounts as positive values. Leave no answer blank. Enter zero if applicable.) 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 is percent? Income Amount Taxes Due Grant date Exercise date Sale date
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