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Suzanne received 20 ISOs (each option gives her the right to purchase 20 shares of stock for $12 per share) at the time she started working when the stock price was $13 per share. Three years later, when the share price was $23 per share, she exercised all of her options. If Suzanne holds the shares for two additional years and sells them when the market price is $30, how much gain will Suzanne recognize on the sale and how much tax will she pay assuming her marginal tax rate is 37 percent?
Cortana
Microsoft's virtual assistant that uses natural language processing to answer questions, make recommendations, and perform actions.
Address Bar
A field in a web browser that displays the current URL and can be used to enter a website's address.
Edge
A web browser developed by Microsoft, designed to be faster, safer, and more compliant with web standards than its predecessor, Internet Explorer.
Cortana
A digital assistant developed by Microsoft, providing users with voice-command support, reminders, and internet search capabilities.
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