On October 2,2013,Miriam sells 1,000 shares of stock at $20 per share.Miriam acquired the stock on November 12,2012,when she exercised her option to purchase the shares through her company's incentive stock option plan.The exercise price was $11 per share and the fair market value of the stock at the date of exercise was $14 per share.For 2013,Miriam must report
$\begin{array}{ll}
&\text { Ordinary } & \text { Capital } \
&\text { Income }&\text { Gain } \
a.&\$3,000&\$6,000\
\text { b. } &\$ 6,000 & \$ 3,000 \
\text { c. }& \$ 9,000 & \$-000 \
\text { d. }& \$-0- & \$ 9,000
\end{array}$

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The Answer of On October 2,2013,Miriam sells 1,000 shares of stock at $20 per share.Miriam acquired the stock on November 12,2012,when she exercised her option to purchase the shares through her company's incentive stock option plan.The exercise price was $11 per share and the fair market value of the stock at the date of exercise was $14 per share.For 2013,Miriam must report
$\begin{array}{ll}
&\text { Ordinary } & \text { Capital } \
&\text { Income }&\text { Gain } \
a.&\$3,000&\$6,000\
\text { b. } &\$ 6,000 & \$ 3,000 \
\text { c. }& \$ 9,000 & \$-000 \
\text { d. }& \$-0- & \$ 9,000
\end{array}$

On October 2,2013,Miriam Sells 1,000 Shares of Stock at $20