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Rick recently received 525 shares of restricted stock from his employer, Crazy Corporation, when the...

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Rick recently received 525 shares of restricted stock from his employer, Crazy Corporation, when the share price was $10 per share. Rick's restricted shares vested three years later when the market price was $17, Rick held the shares for a little more than a year after vesting and sold them when the market price was $20. What is the amount of Rick's compensation income if Rick made an election under section 83(b) when the stock was granted? Assuming a marginal tax rate of 30 percent, what is the amount of Rick's ordinary income amount and tax liability at the time of the income inclusion

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