How much gain will maren recognize on the sale

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Question - Maren received 12 NQOs (each option gives her the right to purchase 8 shares of stock for $10 per share) at the time she started working when the stock price was $8 per share. When the share price was $17 per share, she exercised all of her options. Eighteen months later she sold all of the shares for $22 per share. How much gain will Maren recognize on the sale of the shares and how much tax will she pay assuming her marginal tax rate is 37 percent?

Reference no: EM133080683

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