In 2017, Boris Pays a $3,800 Premium for High-Deductible Medical

question 55

Multiple Choice

In 2017, Boris pays a $3,800 premium for high-deductible medical insurance for himself and his family. In addition, he contributes $3,400 to a Health Savings Account. Which of the following statements is true?

• A)If Boris is self-employed, he may deduct $7,200 as a deduction for AGI.
• B)If Boris is self-employed, he may deduct $3,400 as a deduction for AGI and may include the $3,800 premium when calculating his itemized medical expense deduction.
• C)If Boris is an employee, he may deduct $7,200 as a deduction for AGI.
• D)If Boris is an employee, he may include $7,200 when calculating his itemized medical expense deduction.
• E)None of the above.

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