Comprehensive Problem $12-51($LO $12-1,$ LO $12-2,$ LO $12-3)($Algo$)$

Santinl's new contract for $2024$ Indicates the following compensation and benefits:

Santint is $54$ years old at the end of $2024.$ He is single and has no dependents. Assume that the employer matches $\backslash (\backslash$$ $1\backslash )$ for $\backslash (\backslash$$ $1\backslash )$ for the first $\backslash (\backslash$$ $10,000\backslash )$ that the employee contributes to his $\backslash (401(\backslash$mathrm$\{$k$\})\backslash )$ during the year. The restricted stock grant is $500$ shares granted when the market price was $\backslash (\backslash$$ $5\backslash )$ per share. Assume that the stock vests on December $31,2024,$ and that the market price on that date is $\backslash (\backslash$$ $57\mathrm{.}50\backslash )$ per share. Also assume that Santinl is willing to make any electlons to reduce equity$-$based compensation taxes. The Hawall trip was given to him as the outstanding salesperson for $2023.$ The group$-$term life policy gives him $\backslash (\backslash$$ $150,000\backslash )$ of coverage. Assume that Santini does not itemize deductions for the year.

Determine SantinI's taxable Income and Income tax llability for $2024.$ Use Tax rate schedules and Exhiblt $12-8.$

Note: Round your answers to the nearest whole dollar amount.