What Is the Amount of the Deductible HSA for Each

question 89

Essay

What is the amount of the deductible HSA for each of the following taxpayers?
a.Amelia and Albert,both age 43,have a qualifying high-deductible insurance plan.They contribute $5,700 to a family HSA.
b.Betsy,who is single,72 years old and covered by Medicare,wants to contribute the maximum amount to an HSA.
c.Carlo has health insurance through his employer which has low deductible amounts.
He is 34 years old and is married.Carlo wants to contribute the maximum to an
HSA.
d.Diane is 57 years old.She has a qualifying high-deductible insurance plan.She has contributed $4,250 to her HSA.

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Definitions:

Sales Employees

Individuals engaged in promoting and selling products or services for a company.

Straight Commission Plan

A compensation plan based on a percentage of sales.

Percentage of Sales

A financial ratio that compares a company's expenses or profits to its total sales, often used to analyze efficiency or profitability.

Perquisites

Special nonmonetary benefits given to executives; often referred to as perks