Problem 10-28 (Algorithmic) (LO. 2)

In the current year, Roger pays a $6,700 premium for high-deductible medical insurance for him and his family. In addition, he contributed $5,695 to a Health Savings Account.

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.