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(Solved): [The following information applies to the questions displayed below.] Hardaway earned $127,500 of co ...



[The following information applies to the questions displayed below.] Hardaway earned $127,500 of compensation this year. He also paid (or had paid for him) $6,400 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 $6,400 of health insurance for him as a nontaxable fringe benefit. Consequently, Hardaway received $121,100 of taxable compensation and $6,400 of nontaxable compensation.



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