Multiple Choice
Stevie recently received 1,000 shares of restricted stock from her employer, Nicks Corporation, when the share price was $8 per share. Stevie's restricted shares vested three years later when the market price was $11. Stevie held the shares for a little more than a year and sold them when the market price was $16. What is the amount of Stevie's ordinary income with respect to the restricted stock?
A) $0
B) $5,000
C) $8,000
D) $11,000
Correct Answer:

Verified
Correct Answer:
Verified
Q85: Hazel received 20 NQOs (each option gives
Q86: When stock options are exercised, they are
Q87: Taxable fringe benefits include automobile allowances, gym
Q88: Up to $10,000 of dependent care expenses
Q89: Tom recently received 2,180 shares of restricted
Q91: Which of the following is not a
Q92: Jane is an employee of Rohrs Golf
Q93: Which of the following is not an
Q94: Rachel receives employer-provided health insurance. The employer's
Q95: Lara, a single taxpayer with a 32