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Stevie recently received 1,050 shares of restricted stock from her employer, Nicks Corporation, when the...

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Accounting

Stevie recently received 1,050 shares of restricted stock from her employer, Nicks Corporation, when the share price was $9 per share. Stevie's restricted shares vested three years later when the market price was $12. Stevie held the shares for a little more than a year and sold them when the market price was $15. Assuming Stevie made a section 83(b) election, what is the amount of Stevie's ordinary income with respect to the restricted stock?

Choices:

0

3150

9450

12600

Answer & Explanation Solved by verified expert
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