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Hardaway earned $121,000 of compensation this year. He also paid (or had paid for him) $3,850 of health insurance (not through an exchange). What is

image text in transcribedimage text in transcribed Hardaway earned $121,000 of compensation this year. He also paid (or had paid for him) $3,850 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.) roblem 6-51 Part-a (Algo) Hardaway is an employee, and his employer paid Hardaway's $3,850 of health insurance for him as a nontaxable fringe benefit. onsequently, Hardaway received $117,150 of taxable compensation and $3,850 of nontaxable compensation. b. Hardaway is a self-employed taxpayer, and he paid $3,850 of health insurance himself. He is not eligible to participate in an employer-sponsored plan

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