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

question 90

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:

Meal Planning

The process of organizing meals ahead of time, which can involve choosing recipes, creating shopping lists, and preparing foods in advance.

Eating Disorders

Mental disorders characterized by abnormal or disturbed eating habits that negatively affect a person's physical and/or mental health.

Depression

A mental health disorder marked by persistent sadness or a lack of interest in activities, causing significant impairment in daily life.

Related

Having a connection or association with someone or something.