Maren received 10 nqos (each option gives her the right to purchase 8 shares of stock for $8 per share) at the time she started working when the stock price was $6 per share. when the share price was $15 per share, she exercised all of her options. eighteen months later she sold all of the shares for $22 per share. how much gain will maren recognize on the sale of the shares and how much tax will she pay assuming her marginal tax rate is 35 percent? multiple choice $0 gain and $0 tax. $560 gain and $84 tax. $560 gain and $196 tax. 1120 gain and $168 tax.

On january 1, 2018, jay company acquired all the outstanding ownership shares of zee company. in assessing zee's acquisition-date fair values, jay concluded that the carrying value of zee's long-term debt (8-year remaining life) was less than its fair value by $21,600. at december 31, 2018, zee company's accounts show interest expense of $14,440 and long-term debt of $380,000. what amounts of interest expense and long-term debt should appear on the december 31, 2018, consolidated financial statements of jay and its subsidiary zee? long-term debt $401,600 $398,900 $401,600 $398,900 interest expense $17,140 $17,140 $11,740 $11,740 a. b. c. d.