Matilda Works for a Company with 1,000 Employees

question 112

Multiple Choice

Matilda works for a company with 1,000 employees.The company has a hospitalization insurance plan that covers all employees.However,the employee must pay the first $3,000 of his or her medical expenses each year.Each year,the employer contributes $1,500 to each employee's health savings account (HSA) .Matilda's employer made the contributions in 2015 and 2016,and the account earned $100 interest in 2016.At the end of 2016,Matilda withdrew $3,100 from the account to pay the deductible portion of her medical expenses for the year and other medical expenses not covered by the hospitalization insurance policy.As a result,Matilda must include in her 2016 gross income:

• A)$0.
• B)$100.
• C)$1,600.
• D)$3,100.
• E)None of these.

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Definitions:

Religious Beliefs

Convictions or principles held regarding a faith or doctrine, which influence an individual's way of life and actions.

Supine Position

A posture in which a person lies flat on their back, face upwards; it's commonly used in medical examination settings.

Autopsy

A post-mortem examination to determine the cause of death and to evaluate any disease or injury that may be present.

Impending Death

The imminent or nearing occurrence of death, often used in contexts of terminal illness or critical health situations.