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! Required information [The following information applies to the questions displayed below.) Hardaway earned $121,000 of compensation this year. He also paid (or had paid

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! Required information [The following information applies to the questions displayed below.) 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.) a. Hardaway is an employee, and his employer paid Hardaway's $3,850 of health insurance for him as a nontaxable fringe benefit. Consequently, Hardaway received $117,150 of taxable compensation and $3,850 of nontaxable compensation. Hardaway's AGI 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. Hardaway's AGI

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