Tom Recently Received 2,000 Shares of Restricted Stock from His

question 69

Multiple Choice

Tom recently received 2,000 shares of restricted stock from his employer, Independence Corporation, when the share price was $10 per share. Tom's restricted shares vested three years later when the market price was $14. Tom held the shares for a little more than a year and sold them when the market price was $20. What is the amount of Tom's income or loss on the vesting date?

• A)$0
• B)$10,000
• C)$20,000
• D)$28,000

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Definitions:

Policy Advocacy

The act of actively supporting or arguing in favor of a particular policy or set of policies, often to influence public opinion or legislative action.

Analytic Style

A method of problem-solving or decision-making that involves a systematic, logical, and objective examination of data.

Think Tanks

Organizations that are dedicated to research and advocacy in areas such as social policy, political strategy, economy, and military.

Policy Advocacy

Efforts aimed at influencing public policy and resource allocation decisions within political, economic, and social systems and institutions.