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Hardaway earned $100 000 of compensation this year. He also paid $3000 of health insurance. What is Hardaway's AGI in each following situation ?

a) Hardaway is employee and his employer paid Hardaway's $3000 Health insurance for him as a nontaxable fringe benefit. Consequently, Hardaway received $97000 of taxable compensation and $3000 of nontaxable compensation. Hardaway's AGI?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9966453

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