Find what is the amount of stevie ordinary income

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Reference no: EM132990373

Problem 1: Stevie recently received 1,025 shares of restricted stock from her employer, Nicks Corporation, when the share price was $10 per share. Stevie's restricted shares vested three years later when the market price was $13. Stevie held the shares for a little more than a year and sold them when the market price was $14. Assuming Stevie made a section 83(b) election, what is the amount of Stevie's ordinary income with respect to the restricted stock?

Option 1: $0.
Option 2: $1,025.
Option 3: $10,250.
Option 4: $13,325

Reference no: EM132990373

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