Santini's new contract for 2018 indicates the following compensation and benefits Benefit Description Salary Health insurance Restricted stock grant Bonus Hawaii trip Group-term life insurance Parking ($300 per month) Amount $132,500 11,500 3,000 5,500 4,500 2,100 3,600 Santini is 54 years old at the end of 2018. He is single and has no dependents. Assume that the employer matches $1 for $1 for the first $7,000 that the employee contributes to his 401(k) during the year. The restricted stock grant is 500 shares granted when the market price was $6 per share. Assume that the stock vests on December 31, 2018, and that the market price on that date is $20.00 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 2017. 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 liability for 2018. Use Tax rate schedules andExhibit 12-8 (Round your answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.) Description Amount Taxable Benefits Salary Restricted stock grant Bonus Hawaii trip