Question
In the current year, Roger pays a $4,100 premium for high-deductible medical insurance for him and his family. In addition, he contributed $3,485 to a
In the current year, Roger pays a $4,100 premium for high-deductible medical insurance for him and his family. In addition, he contributed $3,485 to a Health Savings Account.
Question Content Area
a. How much may Roger deduct if he is self-employed? Is the deduction for AGI or from AGI?
If Roger is self-employed, he may deduct __________ for / from AGI.
b. How much may Roger deduct if he is an employee (disregarding the AGI floor implications)?
If Roger is an employee, he may deduct _________ for AGI and ________ from AGI if he
takes the standard deduction / itemizes his deductions.
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Managerial Accounting
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
3rd edition
77826485, 978-0077722074, 77722078, 978-0077826482
