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Problem 12-30 (LO 12-2 ) (Static ) The following information applies to the questions displayed below Mark received 10 ISOS (each option gives him the right to purchase 10 shares of Hendricks Corporation stock for $5 per share) at the time he started working for Hendricks Corporation five years ago, when Hendricks's stock price was $5 per shareNow that Hendricks's share price is $35 per share, Mark intends to exercise all of his options and hold all of his shares for more than one yearAssume that more than a year after exercise, Mark sells the stock for $35 a share Note: Enter all amounts as positive values . Leave no answers blank. Enter zero if applicable. Problem 12-30 Part a (Static ) What are Mark's taxes due on the grant date, the exercise date, and the date he sells the shares, assuming his ordinary marginal rate is 32 percent and his long -term capital gains rate is 15 percent?

Problem 12-30 (LO 12-2) (Static) [The following information applies to the questions displayed below.] Mark received 10 ISOs (each option gives him the right to purchase 10 shares of Hendricks Corporation stock for $5 per share) at the time he started working for Hendricks Corporation five years ago, when Hendricks's stock price was $5 per share. Now that Hendricks's share price is $35 per share. Mark intends to exercise all of his options and hold all of his shares for more than one year. Assume that more than a year after exercise, Mark sells the stock for $35 a share. Note: Enter all amounts os positive values. Leave no answers blank. Enter zero if applicable. Problem 12-30 Part a (Static) o. What are Mark's taxes due on the grant date, the exercise date, and the date he sells the shares, assuming his ordinary marginal rate is 32 percent and his long-term capital gains rate is 15 percent

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