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Health Syings Accounts (LD 5.1) Evan participates in an H5A carying family coverage for himself, his spouse, and two children, In 2021, Evan has $200

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Health Syings Accounts (LD 5.1) Evan participates in an H5A carying family coverage for himself, his spouse, and two children, In 2021, Evan has $200 per month deducted from his paycheck and contributed to the HSA. In addition, Evan makes a one-time contribution of $2,000on April 15,2022 when he files his tax return. Evan also recelves a 2021 Form 1099-SA that reports distributions to Evan of $3,200 which Evan used for medical expenses. Compute the effect of the HSA trancactiona on Evan's adjusted aross income. These transactions Evan's AGt by 1 x festike Tctes ver wos Health Savings Accounts (HSs) are a type of saings account which may be established for the purpose of paying unfeimbursed medical expenses by taxpayert who carry Evalitying highideductible medical insurance. Contritutons to HSAS are a deduction for AGl and are linsted to certalin dollar amounts depeniding on age and whiether the high deductibie insurance covers an individual of a family

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