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On October 2,2017,Miriam Sells 1,000 Shares of Stock at $20

Question 77

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On October 2,2017,Miriam sells 1,000 shares of stock at $20 per share.Miriam acquired the stock on November 12,2016,when she exercised her option to purchase the shares through her company's incentive stock option plan.The exercise price was $11 per share and the fair market value of the stock at the date of exercise was $14 per share.For 2017,Miriam must report

Ordinary Capital
Income Gain


A) $3,000 $6,000
B) $6,000 $3,000
C) $9,000 $-0-
D) $-0- $9,000

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