Business, 27.11.2019 19:31 Dreynolds1667

William b. good became an employee of goodie co. inc., inc., a privately held firm. on january 15, 2017, william b. good was allowed to buy 20,000 shares of goodie co. inc. stock for $40,000 dollars. when william b. good bought the stock, each share was worth $2. goodie co. inc. retained the right to repurchase each share for $2 original purchase price if william b. good leaves goodie co. inc. at any time during the next two years for any reason. goodie co. inc. stock increased to $5 per share in january 15, 2019 when the two year restriction ended. william b. good sold the stock on september 30, 2019 for $9 per share, after the announcement of a new patent by goodie co. inc.. advise william b. good roughly how much tax she must pay and for what year(s). assume william b. good is in the 35% tax bracket for ordinary income and 15% for long term capital gains.

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William b. good became an employee of goodie co. inc., inc., a privately held firm. on january 15, 2...

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