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Problem 12-28 (LO 12-2) ) The following information applies to the questions displayed below Yost received 300 each option gives Yost the right to purchase 10 shares of Cutter Corporation stock for $15 per share)At the time he started working for Cutter Corporation three years agoCutter's stock price was $15 per shareYost exercised all of his options when the share price was $26 per share. Two years after acquiring the shareshe sold them $47 per share Note: Input all amounts as positive values. Leave no answer blank. Enter zero if applicable. Problem 12-28 Part b Static) What are Cutter Corporation's tax consequences amount of deduction and tax savings from deduction) on the grant datethe exercise date, and the date Yost sold the shares?

Problem 12-28 (LO 12-2) (Static) [The following information applies to the questions displayed below.] Yost received 300 NQOs (each option gives Yost the right to purchase 10 shares of Cutter Corporation stock for $15 per share). At the time he started working for Cutter Corporation three years ago, Cutter's stock price was $15 per share. Yost exercised all of his options when the share price was $26 per share. Two years after acquiring the shares, he sold them at $47 per share. Note: Input all amounts as positive values. Leave no answer blank. Enter zero if applicable. Problem 12-28 Part b (Static) b. What are Cutter Corporation's tax consequences (amount of deduction and tax savings from deduction) on the grant date, the exercise date, and the date Yost sold the shares? (8) Answer is complete but not entirely correct

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