In 2012, Ben Exercised an Incentive Stock Option (ISO), Acquiring

question 91

True/False

In 2012, Ben exercised an incentive stock option (ISO), acquiring stock with a fair market value of $190,000 for $170,000.His AMT basis for the stock is $170,000, his regular income tax basis for the stock is $170,000, and his AMT adjustment is $0 ($170,000 - $170,000).

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Definitions:

Flavor Aversion Learning

A learned response where an organism avoids a food because it associates the taste with illness or discomfort.

Concurrent Interference

The prevention of learning when a stimulus intervenes between the conditioned and unconditioned stimuli or when a behavior occurs between the operant response and reinforcement.

Schedule-induced Polydipsia

An excessive drinking behavior induced by a schedule of intermittent reinforcement, often seen in laboratory animals.

Excessive Amounts

Quantities or volumes that go beyond what is normal, necessary, or reasonable.