Rick recently received 535 shares of restricted stock from his employer, Crazy Corporation, when the share price was $12 per share. Rick's restricted shares vested three years later, when the market price was $19. Rick held the shares for a little more than a year and sold them when the market price was $22. What is the amount of Rick's gain on the sale of the stock? Assuming a marginal tax rate of 37 percent, what is Rick's tax on the sale of the stock?

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The Answer of Rick recently received 535 shares of restricted stock from his employer, Crazy Corporation, when the share price was $12 per share. Rick's restricted shares vested three years later, when the market price was $19. Rick held the shares for a little more than a year and sold them when the market price was $22. What is the amount of Rick's gain on the sale of the stock? Assuming a marginal tax rate of 37 percent, what is Rick's tax on the sale of the stock?

Rick Recently Received 535 Shares of Restricted Stock from His