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Problem 10-30 (Algorithmic) (LO. 2) In the current year, Roger pays a $7,300 premium for high-deductible medical insurance for him and his family. In addition,
Problem 10-30 (Algorithmic) (LO. 2) In the current year, Roger pays a $7,300 premium for high-deductible medical insurance for him and his family. In addition, he contributed $6,205 to a Health Savings Account. a. How much may Roger deduct if he is self- employed and earned $86,800? Is the deduction for AGI or from AGI? If Roger is self-employed, he may deduct $ 13,505 for AGI Feedback Check My Work Qualifying individuals may make deductible cor administered by a qualified HSA trustee, which b. How much may Roger deduct if he is an employee (disregarding 10% AGI floor implications)? If Roger is an employee, he may deduct $ for AGI and $ from AGI if he itemizes his deductions
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