On February 19,2014,Woodbridge Corporation Granted Harvey an Option to Acquire

Multiple Choice

On February 19,2014,Woodbridge Corporation granted Harvey an option to acquire 200 shares of the company's stock for $10 per share.The fair market price of the stock on the date of grant was $16.The stock requires that Harvey remain with the company for one year after the date of exercise.The option did not have a readily ascertainable fair market value.Harvey exercises the option on September 23,2015,when the fair market value of the stock is $19.He makes a Section 83(b) election at the exercise date.On September 23,2016,the fair market value of the stock is $25 per share.How much must he report as income in 2016?

A) $-0-
B) $1,200
C) $1,800
D) $2,000
E) $3,000