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Georgia pays a $3,800 premium for high-deductible medical insurance for herself and her family. In addition, she contributes $3,400 to a Health Savings Account. Georgia is self-employed What amount qualifies as an expense deductible for AGI.
a. $0.
b. Georgia may deduct $3,400 for AGI and may deduct $3,800 as an itemized medical deduction from AGI.
c. Georgia may deduct $3,800 as a deduction for AGI and may deduct $3,400 as an itemized medical deduction from AGI.
d. Georgia may deduct $7,200 as a deduction for AGI.
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