Stevie Recently Received 1,080 Shares of Restricted Stock from Her

question 59

Multiple Choice

Stevie recently received 1,080 shares of restricted stock from her employer, Nicks Corporation, when the share price was $9 per share. Stevie's restricted shares vested three years later when the market price was $12. Stevie held the shares for a little more than a year and sold them when the market price was $15. Assuming Stevie made a section 83(b) election, what is the amount of Stevie's ordinary income with respect to the restricted stock?

• A)$0
• B)$3,240
• C)$9,720
• D)$12,960

---

Definitions:

Kubler-Ross Model

A framework that outlines the five stages of grief people go through: denial, anger, bargaining, depression, and acceptance.

Erikson

refers to Erik Erikson, a developmental psychologist known for his theory on the psychosocial development of humans, which outlines eight stages from infancy to adulthood.

Old Age

The latter stage of the human lifespan, often associated with retirement, and physical and cognitive changes.

Integrity

The quality of being honest and having strong moral principles, or the state of being whole and undivided.