Need help with Vesting Date I got wrong.
ANSWER :-
Taxes due | Formula | |
Grant Date | - | - |
Vesting Date | $9,000 | =(30*1000)*30% |
Sale date | $1,500 | =(40*1000-30*1000)*15% |
Tax on grant date is zero. Tax on vesting date will be charged at 30% rate and on sale date will be 15% of sale price above adjusted basis. |
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