Stevie Recently Received 1,000 Shares of Restricted Stock from Her

question 58

Multiple Choice

Stevie recently received 1,000 shares of restricted stock from her employer, NicksCorporation, when the share price was $8 per share. Stevie's restricted shares vestedthree years later when the market price was $11. Stevie held the shares for a little more than a year and sold them when the market price was $16. What is the amount of Stevie's ordinary income with respect to the restricted stock?

• A) $11,000.
• B) $8,000.
• C) $0.
• D) $5,000.

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Definitions:

Subcategory of E-commerce

A specific division or smaller category within the broader realm of electronic commerce, focusing on a particular type of products, services, or business models.

Online Auction Site

A website where goods or services are sold to the highest bidder through an auction process.

Online Store

A website or application where goods and services can be bought over the Internet using a web browser or mobile app.

Social Commerce

Social commerce is a subset of e-commerce that involves social media and user contributions to assist in online buying and selling of products and services.