Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Interview Notes Carol Wheeler, age 56, is single. Carol earned wages of $48,000 and was enrolled the entire year in a high deductible health plan

Interview Notes
  • Carol Wheeler, age 56, is single.
  • Carol earned wages of $48,000 and was enrolled the entire year in a high deductible health plan (HDHP) with self-only coverage.
  • During the year, Carol contributed $3,000 to her Health Savings Account (HSA) and her cousin also contributed $1,000 to Carols HSA account.
  • Carols Form W-2 shows $600 in Box 12 with code W. She has Form 5498-SA showing $4,600 in Box 2.
  • Carol took a distribution from her HSA to pay her unreimbursed expenses:
    • 2 visits to a physical therapist due to a car accident $300
    • unreimbursed doctor bills for $700
    • prescription medicine $400
    • replacement of a crown $1,500
    • over the counter sinus medication $80
    • 10 Zumba classes for $125
  • Carol is a U.S. citizen with a valid Social Security number.
8. What is the total unreimbursed qualified medical expenses reported on Form 8889, Part II?
A. $2,600
B. $2,900
C. $2,980
D. $3,105

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Karen W. Braun, Wendy M. Tietz

5th edition

134128524, 978-0134128528

Students also viewed these Accounting questions