A Section _____ Election Allows the Executive to Elect to Have

question 2

Multiple Choice

A Section _____ election allows the executive to elect to have the compensation taxed as ordinary income based on the value of the stock when it was granted,rather than when it ____.

• A)83(b)/ sells.
• B)83(b)/ vests.
• C)1244 / sells.
• D)1244 / vests.

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Definitions:

Remarriage

The act of marrying someone after being divorced or widowed from a previous marriage.

Previous Friendships

Relationships of mutual affection with individuals whom one has been friends with in the past.

Long-term Partnership

A committed relationship between two individuals that is intended to last a significant amount of time, often involving cohabitation or marriage.

Crucial Aspect

An essential element or feature of something.