How much may Roger deduct

Assignment Help Accounting Basics
Reference no: EM132668241

Problem - In the current year, Roger pays a $3,000 premium for high-deductible medical insurance for him and his family. In addition, he contributed $2,600 to a Health Savings Account.

Required -

a. How much may Roger deduct if he is self-employed? Is the deduction for AGI or from AGI?

b. How much may Roger deduct if he is an employee? Is the deduction for AGI or from AGI?

Reference no: EM132668241

Questions Cloud

Men are from mars and women are from venus : Explain the human communication process. His work on information theory investigated how we transmit information.
Find the amount of residual dividend : Next year's net income is expected to be 400. Find the amount of residual dividend.
What is Rick basis in the residence : For income tax purposes, the deduction is apportioned as follows: $2,160 to Alicia and $2,220 to Rick. What is Rick's basis in the residence
What the market rationality based on consumer choice mean : What the market rationality based on consumer choice mean? The author argues that underlying much of neoliberal ideology is a strong belief
How much may Roger deduct : In the current year, Roger pays a $3,000 premium for high-deductible medical insurance for him and his family. How much may Roger deduct
Find stan after-tax : The Barryman Drilling Company is reconsidering its plan to buy back $1 million of its ordinary shares and instead plans to pay a $1 million fully franked cash d
How do differences in child rearing strategies reproduce : What kind of child rearing strategies were used in your home? In the home of peers? What does Lareau say about how do differences in child rearing strategies
Ethical dilemma of captain crozier actions : Secretary Modly have communicated the ethical dilemma of Captain Crozier's actions to the crew without demeaning the Captain's personal or professional standing
What is the total of Susan expenses : The appraisal states that the system increased the value of Susan's residence by $2,200. Ignoring the AGI floor, what is the total of Susan's expenses

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.

  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!

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