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Silas' employer, Missoula Corporation, has given Silas a grant of 1,000 shares worth of Restricted...

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Accounting

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Silas' employer, Missoula Corporation, has given Silas a grant of 1,000 shares worth of Restricted Stock Units (RSU). On the grant date, Missoula's shares were trading at $18 per share. Two years later, when the shares vest, they are worth $25 per share. Silas keeps the shares for 1 year, then sells them for $30 per share. Silas elects the 83b election. Silas is in the 24% tax bracket for ordinary income and 15% tax bracket for capital gains. Calculate the amount of tax Silas will owe for the sale in the year he sells his 1,000 shares of Missoula stock

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