What amount is included in Fs employment income

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Question - F is employed by a public corporation. In year 1, F was granted a stock option to acquire 4,000 shares from the treasury of her employer's corporation for $11 a share. At the time of receiving the option, the shares were valued at $13 per share. In year 4, F exercised the option and purchased 4,000 shares for $44,000. At the purchase date, the shares were valued at $12 per share. In year 5, F sold 4,000 shares for $17 per share. What amount is included in F's employment income for tax purposes in year 1?

Reference no: EM133122055

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