On October 2,2017,Miriam Sells 1,000 Shares of Stock at $20

question 77

Multiple Choice

On October 2,2017,Miriam sells 1,000 shares of stock at $20 per share.Miriam acquired the stock on November 12,2016,when she exercised her option to purchase the shares through her company's incentive stock option plan.The exercise price was $11 per share and the fair market value of the stock at the date of exercise was $14 per share.For 2017,Miriam must report
​
Ordinary Capital
Income Gain

• A)$3,000 $6,000
• B)$6,000 $3,000
• C)$9,000 $-0-
• D)$-0- $9,000

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Definitions:

Self-Awareness

A person’s conscious understanding of who he or she is.

Self-Importance

is the perception or belief regarding one's own value, significance, or superiority, which can influence attitudes and behaviors but may also lead to egocentrism or narcissism.

Dominant Culture

The set of cultural practices and beliefs that are dominant or most influential within a broader society, often exerting control or influence over other cultures.

Group Associations

Connections or affiliations between an individual and specific groups or organizations.