[Solved] Martin Corporation granted an incentive stock option to employee Caroline on January 1,2012.The option price was $150,and the FMV of the Martin stock was also $150 on the grant date.The option allowed Caroline to purchase 160 shares of Martin stock.Caroline exercised the option on August 1,2014 when the stock's FMV was $250.Unless otherwise stated,assume Caroline is a qualifying employee.If Caroline sells the stock on September 5,2015 for $350 per share,she must recognize (ignore alternative minimum tax) A)0)No gain or loss is recognized at exercise or sale with incentive stock options. B)long-term capital gain of $16,000 in 2015. C)ordinary income of $16,000 on the exercise date and a long-term capital gain of $16,000 in 2015. D)long-term capital gain of $32,000 in 2015. Contraceptive Coverage: Insurance policy inclusion or governmental provision that offers birth control methods at little or no cost to the insured. Communications Decency Act: A law enacted by the United States Congress in 1996 to regulate pornography and protect minors from harmful online content, although many of its provisions were later struck down by courts. Prior Restraint: A legal measure in which the government prohibits certain expressions or information from being made public, often challenged as unconstitutional. Unconstitutional: Actions or laws that are deemed to violate the Constitution or constitutional principles.