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Rick recently received 500 shares of restricted stock from his employer,Crazy Corporation,when the share price was $5 per share.Rick's restricted shares vested three years later when the market price was $12.Rick held the shares for a little more than a year and sold them when the market price was $15.What is the amount of Rick's income on the vesting date? Assuming a marginal tax rate of 30 percent,what is Rick's tax on the restricted stock?
Risks
The potential for loss or harm when undertaking an action.
Inconsistency
The quality of being irregular or not staying the same throughout, often leading to unpredictability.
Discipline
a field of study or branch of knowledge but also refers to training people to obey rules or a code of behavior, using punishment to correct disobedience.
Rigidity
The quality of being unable to bend or be forced out of shape; often metaphorically used to describe inflexibility in thoughts, systems, or behaviors.
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