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:

Prenatal Viral Exposure

Exposure to a virus in the womb during pregnancy, which can potentially lead to developmental disorders or health issues in the baby.

Schizophrenia

A serious psychological condition marked by disturbances in thinking, sensing, feeling, and relating to others.

Brain Abnormalities

Structural or functional deviations in the brain that can contribute to neurological and psychiatric conditions.

Early Viral Exposure

Encounter with a virus at an early age, which could influence immune system development and potentially affect health outcomes later in life.