Angie Starts a New Job and Becomes Covered Under the Employer's

question 132

Multiple Choice

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?

• A)Angie can contribute and deduct $1,200 for AGI.
• B)Angie's contribution will be deductible if she itemizes,and the contribution along with her out-of-pocket medical expenses exceed 10% of AGI.
• C)If Angie withdraws $500 to pay for X-rays,the $500 is taxable.
• D)Interest income earned on the HCA is taxable.

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Definitions:

Thyroxin

A hormone produced by the thyroid gland that regulates metabolism, energy generation, and growth and development; also known as thyroxine or T4.

Neurotransmitters

are chemicals that transmit signals across a synapse from one neuron to another in the nervous system.

Plasticity

The brain's ability to change and adapt as a result of experience, including neural growth and reorganization.

Brain Injured

Pertaining to any form of harm or damage to the brain that affects its functionality, which can result from trauma, stroke, infection, or other causes.