Indicate tax effect on ms bytech with respect to grsnting

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Reference no: EM132838557

Ms. Marian Bytech is an employee of Merlin Industries Ltd. During 2017, Ms. Bytech was granted options to acquire 200,000 of her employer's shares at a price of $15 per share. On August 1, 2018, all of the options are exercised. On this date, the Merlin Industries shares have a fair market value of $22 per share. On November 1, 2019, Ms. Bytech sells all of her Merlin Industries shares at $28 per share. Merlin Industries Ltd. is a Canadian controlled private corporation. At the time the options were granted, the Company's shares had a fair market value of $14 per share.

Required:

Problem 1: Indicate the tax effect on Ms. Bytech with respect to the granting of the options, their exercise, and the sale of the shares.

Reference no: EM132838557

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Indicate tax effect on ms bytech with respect to grsnting : Indicate the tax effect on Ms. Bytech with respect to the granting of the options, their exercise, and the sale of the shares.

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