hat amount can Ms Mason deduct from Net Income

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Question - Ms. Medison is employed by a public company. In 2017 she was granted options to acquire 1058 shares of her employer's common stock at a price of $ 27.46 per share. At the time the options were granted, the shares were trading at $ 20 per share. In May 2019 when the shares are trading at $ 40.07 per share, she exercises her options and acquires 1, 058 shares. What amount can Ms. Mason deduct from Net Income for Tax Purposes with respect to this taxable benefit in 2019?

Reference no: EM132676394

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