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Hardaway earned $147,000 of compensation this year. He also paid(or had paid for him) $6,100 of health insurance (not through anexchange).What is Hardaway's AGI in each of the following situations?(Ignore the effects of Social Security and self-employmenttaxes.)a. Hardaway is an employee and his employerpaid Hardaway’s $6,100 of health insurance for him as a nontaxablefringe benefit. Consequently, Hardaway received $140,900 of taxablecompensation and $6,100 of nontaxable compensation.Hardaway’s AGI -------------------------?b. Hardaway is a self-employed taxpayer, and hepaid $6,100 of health insurance himself. He is not eligible toparticipate in an employer-sponsored plan.Hardaway’s AGI-----------------------?
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