Multiple Choice
Lloyd is the CFO for a firm that uses ISOs as part of its executive compensation plan.He receives $150,000 annually,paid semimonthly,in base salary plus 25 shares of the firm's stock per month.The stock is omitted from gross pay calculations and is valued at $52.50 per share and he may exercise his option within five years at $0.10 per share.What is Lloyd's gross pay for mid-October?
A) $7,250
B) $6,250
C) $7,560
D) $8,250
Correct Answer:
Verified
Correct Answer:
Verified
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