Reference no: EM133360042

Assume Mr. A was hired by GBC co. several years ago and GBC is a CCPC. In 2017, Mr. A was given options to buy 578 shares of GBC's stock at a price of $31.69 per share. At the time the options were issued, the shares were trading at $31.69 per share. On June 1, 2022, Mr. A exercised all of his options. At the time of exercise, the shares were trading at $38.98 per share. He sold the shares on December 20, 2022 for $40.70 per share. Regarding Mr. A's stock option benefit... Indicate the effect on Mr. A's net employment income (Round to the nearest dollar amount). An inclusion in employment income should be entered in the box as a number (e.g., 100, do not use any other signs). A deduction from employment income should be entered in the box as a negative number (e.g, -100, do not use any other signs/brackets). If the item would have no effect on the calculation of employment income, enter the number 0 in the box (e.g., do not use any other signs/words).