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Which of the following is true regarding stock options?


A) A loss is realized when stock options lapse.
B) There is typically no tax effect on the grant date.
C) Income recognized on the exercise date is greater for incentive stock options than nonqualified options.
D) The bargain element on a nonqualified option is taxed to employees at capital gain rates.

E) A) and C)
F) None of the above

Correct Answer

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Taxable fringe benefits include automobile allowances, gym memberships, and personal use tickets to the theater or sporting events.

A) True
B) False

Correct Answer

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