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

question 69

Multiple Choice

Stevie recently received 1,000 shares of restricted stock from her employer, Nicks Corporation, when the share price was $8 per share. Stevie's restricted shares vested three 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) $0.
• B) $5,000.
• C) $8,000.
• D) $11,000.

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Definitions:

Product Variant

Different versions of a product that a company offers to meet diverse customer needs or preferences, such as size, color, or features.

Generic Competition

Competition between brands or products that are not differentiated by a patent or specific features, often based solely on price.

Product Variants

Different versions of a product that a company offers, differing in features, sizes, or other characteristics to satisfy various customer needs.