User Account

All Pages

How much may roger deduct

Assignment Help Accounting Basics
Reference no: EM132430358

Question -

In the current year, Roger pays a $4,900 premium for high-deductible medical insurance for him and his family. In addition, he contributed $4,165 to a Health Savings Account.

a. How much may Roger deduct if he is self-employed and earned $86,800? Is the deduction for AGI or from AGI?

Qualifying individuals may make deductible contributions to a Health Savings Account (HSA). An HSA is a qualified trust or custodial account administered by a qualified HSA trustee, which can be a bank, an insurance company, or another IRS-approved trustee.

b. How much may Roger deduct if he is an employee (disregarding 10% AGI floor implications)?

Reference no: EM132430358

Questions Cloud

Calculate the 6 year spot rate : Calculate the 6 year spot rate. Part of the question is understanding how to interpret the stated numbers.
Discuss the elements of juvenile delinquency : Distinguish between ego identity and role diffusion.Discuss the specific issues facing American youth.Understand the concept of being "at risk"
Determine what would be the most likely sales revenue : Determine what would be the most likely sales revenue and the associated margins, both for if the store does bring in the private label and if it doesn't.
What is the pension expense for the year ending : Willow Inc. has a defined contribution plan. What is the pension expense for the year ending 20X1, assuming a discount rate of 5%
How much may roger deduct : How much may Roger deduct if he is self-employed and earned $86,800? Is the deduction for AGI or from AGI
Source of competitive advantage in business environments : Per the textbook, technology is a key driver of change and an important source of competitive advantage in business environments.
Evaluate importance of innovation for long term survival : Evaluate the importance of innovation for the long term survival for your chosen company as well as the industry that your chosen company fits in.
How should the net carrying value of the bonds : On November 1, 2015, Journeyman, LLC purchased 900 of the $1,000 face value, how should the net carrying value of the bonds be shown on balance sheet
Define the different building blocks of cultures : Comparisons of the building blocks that you encountered with those from another culture or your daily culture.Define the different building blocks of cultures

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd