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Author Question: Angie starts a new job and becomes covered under the employer's health insurance plan which has an ... (Read 55 times)

Destiiny22

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Angie starts a new job and becomes covered under the employer's health insurance plan which has an annual deductible of $2,400. Angie contributes the maximum amount into a Health Savings Account. Which of the following statements regarding Angie's Health Savings Account is correct?
◦ Angie can contribute and deduct $1,200 for AGI.
◦ Angie's contribution will be deductible if she itemizes, and the contribution along with her out-of-pocket medical expenses exceed 10% of AGI.
◦ If Angie withdraws $500 to pay for X-rays, the $500 is taxable.
◦ Interest income earned on the HCA is taxable.


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Marked as best answer by Destiiny22 on Sep 13, 2020

briezy

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Destiiny22

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Reply 2 on: Sep 13, 2020
Excellent


patma1981

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Reply 3 on: Yesterday
:D TYSM

 

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