On March 1, 2018, Unicorp granted 1,000 Non-qualified Stock Options to Haley (an employee). The exercise price on the shares was $2 per share.

On March 1, 2018, Unicorp granted 1,000 Non-qualified Stock Options to Haley (an employee). The exercise price on the shares was $2 per share. On December 31, 2018, Haley exercised all of her stock options when the market price per share was $10. What is the basis of her stock, and what amount should be included on her Form W-2 as wage income in 2018?