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

PLEASEE HELP ME SOLVE THIS CORRECTLYYY
PLEASEE HELP ME SOLVE THIS CORRECTLYYY Santinis new contract for 2022 indicates

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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