Multiple Attempts Not allowed. This test can only be taken once. Force Completio

Question

Multiple Attempts Not allowed. This test can only be taken once. Force Completion This test can be saved and resumed at any point until time has expired. The time will continue to run if you test. Barry pays a dollar premium for high-deductible medical insurance for himself and his family. In addition. be contributes dollar 2,600 to a Health Savings Account. Which of the following statements is true? If Barry is self-employed. he may deduct dollar5.600 as a deduction for AGl. If Barry is self-employed. he may deduct dollar 2,600 as a deduction for AGI and may include the dollar 3,000 premium when calculating his itemized medical expense deduction. If Barry is an employee. he may deduct dollar 5,600 as a deduction for AGl. If Barry is an employee. he may include dollar5,600 when calculating his itemized medical expense deduction.

Explanation / Answer

If barry is self employed he may deduct $5600 from his AGI

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