Question

Stevie recently received 1,000 shares of restricted stock from her employer, nicks corporation, when the share price was $8 per share. stevie's restricted shares vested three years later when the market price was $11. stevie held the shares for a little more than a year and sold them when the market price was $16. what is the amount of stevie's ordinary income with respect to the restricted stock

Answer 1

$8,000

Step-by-step explanation:

$8,000 (1,000 shares × $8 market price on grant date).

Answer 2

did the math my answer was 11,000