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A B C D E G H M Arnold is single and works for Timberlake Corporation. Arnold received the following compensation and benefits in 2020

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A B C D E G H M Arnold is single and works for Timberlake Corporation. Arnold received the following compensation and benefits in 2020 Salary 100.000 Bonus 30.000 Tuition reimbursement 7.000 Employer paid health insurance 6.000 6 Restricted stock - 600 shares with FMV of $10 per share Upon consultation with his CPA, Arnold made the 83(b) election in relation to this restricted stock. B Calculate Arnold's taxable compensation for 2020 and the amount of social security and Medicare taxes he will pay on that compensation. 7 point 9 All calculations must be shown. 10 11

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