Santini's new contract for $2024$ indicates the following compensation and benefits:

Benefit Description Amount

Salary $ $131,000$

Health insurance $10,000$

Restricted stock grant $2,500$

Bonus $5,200$

Hawaii trip $4,200$

Group$-$term life insurance $1,800$

Parking $($$$349$ per month$)4,188$

Santini is $54$ years old at the end of $2024.$ He is single and has no dependents. Assume that the employer matches $$1$ for $$1$ for the first $$6,400$ that the employee contributes to his $401($k$)$ during the year. The restricted stock grant is $500$ shares granted when the market price was $$5$ per share. Assume that the stock vests on December $31,2024,$ and that the market price on that date is $$12\mathrm{.}50$ per share. Also assume that Santini is willing to make any elections to reduce equity$-$based compensation taxes. The Hawaii trip was given to him as the outstanding salesperson for $2023.$ The group$-$term life policy gives him $$150,000$ of coverage. Assume that Santini does not itemize deductions for the year.