Question: PLEASEE HELP ME SOLVE THIS CORRECTLYYY Santinis new contract for 2022 indicates the following compensation and benefits: Santini is 54 years old at the end
Santinis new contract for 2022 indicates the following compensation and benefits: Santini is 54 years old at the end of 2022 . He is single and has no dependents. Assume that the employer matches $1 for $1 for the first $6,000 that the employee contributes to his 401(k) during the year. The restricted stock grant is 500 shares granted when the market price was $5 per share. Assume that the stock vests on December 31,2022 , and that the market price on that date is $12.50 per share. Also assume that Santini is willing to make any elections to reduce equity-based compensation taxes. The Hawail trip was given to him as the outstanding salesperson for 2021. The group-term life policy gives him $150,000 of coverage. Assume that Santini does not itemize deductions for the year. Determine Santini's taxable income and income tax llability for 2022 . Use Tax rate schedules and Exhibit 12-8. Note: Round your answers to the nearest whole dollar amount. Answer is complete but not entirely correct
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