2. Save&Ext; Submt Time remaining t57:10 48. You did not receive ful credit for

Question

2. Save&Ext; Submt Time remaining t57:10 48. You did not receive ful credit for this question in a previous attempt Maren recelved 11 NQOs (each option gives her the right to purchase 11 shares of stock for $7 per share) at the time she started working when the stock price was $10 per share. When months later she soid all of the shares for $24 per share. What is the amount of Maren's bargain element? the share price was $13 per share, she exercised all of her options. Eighteen O $363. None of the choices are comect O so. $726, O $1573 MacBook Air 4 7 8 0

Explanation / Answer

1) Solution: $726

Working: 11 options x 11 shares x ($13 market price at exercise - $7 exercise price) = 11*11*6= 726

2) Solution: $3,720

Working: ($565*12months) benefit less the $3,060 ($255 * 12). Employees can exclude up to $255 per month of transportation benefits

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