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OOC $800 $1.200 $2,000 Mark for follow up Question 75 of...

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OOC $800 $1.200 $2,000 Mark for follow up Question 75 of 75. On January 21, 2019, Lincoln exercised an incentive stock option (ISO) granted to him by his employer. His option enabled him to purchase 1,000 shares of stock for $15 per share. When he exercised his option, the stock was trading at $20 per Share. He sold the stock at a gain six months later, when the stock was trading at $27 per share. As a result of this transaction, how much does Lincoln report on his 2019 return as short-term capital gain income? $0 $5,000 $7,000 $12,000 Mark for follow up Back Save / Return Later Summary ock.csod.com/Evaluations/EvalLaunch.aspx?loid=1043c398-dc17-4160-b5ee-8b0a0b056541&evall.vl=5&redirect_url=%2fphnx%2fdrive

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