mark received 10 isos (each option gives him the right to purchase 10 shares of hendricks corporation stock for $5 per share) at the time he started working for hendricks corporation five years ago, when hendricks's stock price was $5 per share. now that hendricks's share price is $35 per share, mark intends to exercise all of his options and hold all of his shares for more than one year. assume that more than a year after exercise, mark sells the stock for $35 a share. note: enter all amounts as positive values. leave no answers blank. enter zero if applicable. required: what are mark's taxes due on the grant date, the exercise date, and the date he sells the shares, assuming his ordinary marginal rate is 32 percent and his long-term capital gains rate is 15 percent? what are hendricks's tax consequences on the grant date, the exercise date, and the date mark sells the shares?
