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Chatterjee is an executive with XYZ Corp. In 20X13, XYZ gaveChatterjee 1,000 non-qualified stock options, each with an optionprice of $60, when the price of XYZ stock was $80. In 20X14Chatterjee exercised 500 of the stock options, at a time when theprice of XYZ stock was $90. As a result of the above, what amountshould Chatterjee include in 20X14 gross income?

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Accounting 10 Months Ago 146 Views
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