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Tanya, an employee of a Canadian public company, received an option to purchase 1,000 common...

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Accounting

Tanya, an employee of a Canadian public company, received an option to purchase 1,000 common shares of her employer at $30 per share in April 2018, when the shares were worth $19 per share. In December 2019, when the fair market value was $40 per share, she exercised her options. In January 2020, she sold all the shares for $48 per share. Tanya wants to know what employee benefit she will have to report on her tax return. She wants to pay the lowest amount of taxes possible.

$5,000

$18,000

$14,000

$10,000

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