Hardaway earned $148,500 of compensation this year. He also paid (or had paid for him)...
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Hardaway earned $148,500 of compensation this year. He also paid (or had paid for him) $5,100 of health insurance (not through an exchange). What is Hardaway's AGI in each of the following situations? (Ignore the effects of Social Security and self-employment taxes.) a. Hardaway is an employee, and his employer paid Hardaway's $5,100 of health insurance for him as a nontaxable fringe benefit. Consequently, Hardaway received $143,400 of taxable compensation and $5,100 of nontaxable compensation.
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