Santinis new contract for 2021 indicates the following compensation and benefits:

Salary $ 132,000 Health insurance 11,000 Restricted stock grant 2,500 Bonus 5,400 Hawaii trip 4,400 Group-term life insurance 2,000 Parking ($308 per month) 3,696.

Santini is 54 years old at the end of 2021. 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, 2021, and that the market price on that date is $17.50 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 2020. 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 2021. Use Tax rate schedules and Exhibit 12-8. (Round your answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.)

2021 Tax Rate Schedules Individuals Srhadnlo X_Sinala \begin{tabular}{|l|l|} \hline \multicolumn{1}{|c|}{ Description } & Amount \\ \hline Taxable Benefits & \\ \hline Salary & \\ \hline Restricted stock grant & \\ \hline Bonus & \\ \hline Hawaii trip & \\ \hline Life Insurance (taxable portion) & \\ \hline Parking & \\ \hline AGl & \\ \hline Standard Deduction & \\ \hline Taxable Income & \\ \hline Income Tax Liability & \\ \hline \end{tabular} EXHIBIT 12-8 Uniform Premiums for $1,000 of Group-Term Life Insurance Protection Table Summary: Chart shows cost per $1,000 of life insurance protection for one month per 5-year age bracket