Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Judy Young is 58 years old. . Judy is single, is not disabled, and has no dependents In 2017, she had earnings from her job

Judy Young is 58 years old. . Judy is single, is not disabled, and has no dependents In 2017, she had earnings from her job of $ 24,300. Judy has participated in her employer\'s self-only HDHP coverage since June 1, 2017, when she started a new job. . Judy was an eligible individual all year. Judy asked the HSA trustee from her previous job to transfer the balance of $2,000 into the HSA at her new job. In 2017, Judy contributed $975 to her HSA. In 2017, Judy took funds from her HSA to pay the following expenses. Insulin $ 275. The doctor visits $ 185. Yoga classes $ 300. Prescription medicine $ 225. Premiums for COBRA coverage $ 425. Judy is a U.S. citizen and has a valid Social Security number 

6. The amount of Judy\'s HSA contribution reported on Form 8889, line 2 is $2.975. True or False ?

7. The number of total distributions reported on Form 8889, line 14a is 

A.$410 B.4975 C.$1,110 D.41,410 

8. What s the amount reported on Form 8889, line 15? 

A.$410 b.$685 c.$1,110 d.$1,410


In your own words what is the importance of taxation?


Step by Step Solution

3.44 Rating (157 Votes )

There are 3 Steps involved in it

Step: 1

6 False 2975 is the wrong answer Line 2 of form 8889 gives CONTRIBUTION made from payroll check 7 O... blur-text-image

Get Instant Access to Expert-Tailored 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

Income Tax Fundamentals 2017

Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller

35th Edition

1305872738, 978-1337669689, 1337669687, 978-0357690796, 978-1305872738

More Books

Students also viewed these Accounting questions