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Yost received 300 NQOs (each option gives Yost the right to purchase 10 shares of...

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Accounting

Yost received 300 NQOs (each option gives Yost the right to purchase 10 shares of Cutter Corporation stock for $39 per share). At the time he started working for Cutter Corporation three years ago, Cutter's stock price was $39 per share. Yost exercised all of his options when the share price was $78 per share. Two years after acquiring the shares, he sold them at $119 per share.
Note: Input all amounts as positive values. Leave no answer blank. Enter zero if applicable.
Problem 12-28 Part b (Algo)
b. What are Cutter Corporation's tax consequences (amount of deduction and tax savings from deduction) on the grant date, the exercise date, and the date Yost sold the shares?

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