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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. Assuming Stevie made a section 83(b) election, what is the amount of Stevie's ordinary income with respect to the restricted stock?
Homeostasis
The process by which organisms maintain a stable internal environment despite changes in the external environment.
Autonomic Nervous System (ANS)
The segment of the nervous system responsible for regulating automatic body functions such as heartbeat, digestive processes, and breathing rate.
Muscle Tone
Relatively constant tension produced by a muscle for long periods as a result of asynchronous contraction of motor units.
Heart Rate
The number of heartbeats per unit of time, typically expressed as beats per minute (bpm), indicating cardiovascular activity.
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