Santinl's new contract for 2018 Indicates the following compensation and benefits: Benefit Description Amount $137,808 16,808 3,988 6,488 5,488 3,888 3,816 Salary Health insurance Restricted stock grant Bonus Hawaii trip Group-term life insurance Parking ($318 per month) Santinl 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 $8,800 that the employee contributes to hls 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 $42.50 per share. Also assume that Santinl Is wiling to make any elections to reduce equity-based compensation taxes. The Hawall trip was given to hinm as the outstanding salesperson for 2017. The group-term life policy glves him $150,000 of coverage. Assume that Santini does not temize deductions for the year. Determine Santini's taxable Income and income tax liablity for 2018. Use Tax rate schedules and Exhlbit 12-8. (Round your answers to the nearest whole doller amount. Leave no answer blank. Enter zero If applicable.) Answer is complete but not entirely correct. Description Amount Taxable Benefits Salary Restricted stock grant Bonus Hawaii trip Life Insurance (taxable portion) Parking ISO AGI Standard Deduction Taxable Income Income Tax Liability 137.000 3,000 6.400 C 5,400 276 696 S 152,772 12,000 S 136,622