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

question 73

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.$11,000 (1,000 shares × $11 market price on vesting date) .

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Least Stressful

Describes an environment, situation, or job that induces minimal stress and emotional strain on individuals.

Conflict

A situation or condition where there is a clash of interests, values, actions, or directions.

Approach-Approach

A choice between two equally attractive options, leading to conflict as the individual must forsake one attractive option.

Major Stress

A substantial or significant form of stress that impacts an individual's psychological or physical well-being.