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

Examine the role of job satisfaction and career development in middle adulthood.

Explore the phases and transitions characteristic of adult development.

Assess the financial preparedness and planning of adults for retirement.

Understand the psychological and sociological aspects of aging, including midlife crises and age discrimination.

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Definitions:

Erikson

Erik Erikson, a developmental psychologist and psychoanalyst known for his theory on psychological development of human beings.

Social World

The domain of human interaction and relationships, encompassing various social structures, cultures, and communities.

Culture

The set of shared attitudes, values, goals, and practices that characterizes an institution, organization, or group.

Psychosexual Stages

A Freudian concept involving a series of early childhood stages in which the libido's energies focus on distinct erogenous zones.