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Question 8 of 15 Which of the following statements best describes the purpose of Form 3922, Transfer of Stock Acquired Through an Employee Stock Purchase Plan Under Section 423(c)? Form 3922 is an informational form, and the taxpayer generally does not need to report the information included on the form until they sell the underlying stock. The taxpayer should report the information included on Form 3922 if they are subject to the alternative minimum tax in the year the stock was transferred. Form 3922 serves as a record of a taxpayer's gains or losses from the sale of securities acquired through an employee stock purchase plan. Form 3922 reports the amount of ordinary income incurred through the exerciee of an option granted under an employee stock purchase plan. Mark for follow up Question 9 of 15 All of the following are benefits associated with statutory stock options EXCEPT: The taxpayer does not have to include any amount in income when the option is granted. The taxpayer does not have to include any amount in their regular, taxable income when they exercise the All profits from the sale of underying stock are subject to the more favorable capital gain tax rates. If the taxpa option. yer has a nonqualifying disposition, the amount of compensation included in income is not ubject to social security and medicare tax. ark for follow up

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