In 2015 Martinez Corporation Granted Nonqualified Stock Options to Shawn

question 50

Multiple Choice

In 2015 Martinez Corporation granted nonqualified stock options to Shawn to buy 1,000 shares of Martinez stock at $15 per share exercisable for six years. At the date of grant, the stock was selling for $10 per share. In 2017 Shawn exercises the options when the market price is $40 per share. In 2018, Shawn sells the 1,000 shares of stock for $42 per share. How much is the deduction that Martinez Corporation is allowed and in which year?

• A) $5,000 in 2015
• B) $10,000 in 2015
• C) $25,000 in 2017
• D) $27,000 in 2018

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Definitions:

Sociologically Significant

Pertaining to aspects that are important or impactful from a sociological perspective, often relating to social behavior, structures, or problems.

Bodily Representations

The ways in which bodies are depicted or conceptualized in various cultural, social, or individual contexts.

Plastic Surgery

Medical procedures aimed at reconstructing or altering the human body for aesthetic or reconstructive purposes.

"Normal" Human Activity

Tasks or behaviors that are widely considered to be typical or expected within a society or cultural setting.