technology startup inc. (tsi) grants a nonqualified stock option to doug edwards, one of its vice presidents, to purchase 1,000 shares of tsi stock after five years of employment. as a startup company, the value was not ascertainable at the time of the grant. today, the fair market value of the stock is $30 per share and doug decides to exercise the option at this time at a price of $10 per share. doug's marginal tax rate is 24%. the tax due upon exercise of the option by doug is
