Question: Please answer correctly Santini's new contract for 2 0 2 4 indicates the following compensation and benefits: Santini is 5 4 years old at the
Please answer correctly
Santini's new contract for indicates the following compensation and benefits:
Santini is years old at the end of He is single and has no dependents. Assume that the employer matches $ for $ for the first $ that the employee contributes to his mathrmk during the year. The restricted stock grant is shares granted when the market price was $ per share. Assume that the stock vests on December and that the market price on that date is $ per share. Also assume that Santini is willing to make any elections to reduce equitybased compensation taxes. The Hawaii trip was given to him as the outstanding salesperson for The groupterm life policy gives him $ of coverage. Assume that Santini does not itemize deductions for the year.
Determine Santini's taxable income and income tax liability for Use Tax rate schedules and Exhibit
Note: Round your answers to the nearest whole dollar amount.
Tax Rate Schedules
Individuals
Schedule XSingle
Schedule YMarried Filing Jointly or Qualifying surviving spouse
Schedule ZHead of Household
Schedule YMarried Filing Separately
EXHIBIT Uniform Premiums for $ of GroupTerm Life Insurance Protection
Source: Reg. d and also published in IRS Publication B
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