Miki, who is single and 57 years old, has a quaifying high-deductible insurance plan. She had the following transactions with her HSA during the year:
a.How much may Miki claim as a deduction for adjusted gross income?
b.What is the amount that Miki must report on her tax return as income from her HSA?
c.How much is subject to a penalty? What is the penalty percentage? 
Definitions:
Gross Domestic Product
The total market value of all finished goods and services produced within a country in a specific time period.
Illegal Goods
Products or services that are prohibited by law from being produced, traded, or consumed.
Depletion of Natural Resources
The consumption of natural resources faster than they can be replenished, leading to a reduction in their availability over time.
Nominal Gross Domestic Product
The total market value of all final goods and services produced in a country in a given period, measured in current prices without adjusting for inflation.
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