1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kvasek [131]
3 years ago
9

Ruth, a 58-year-old taxpayer, has a self-only health savings account (HSA) and was enrolled in a high-deductible health plan (HD

HP) during 2018. Ruth's employer made a $1,000 contribution to her HSA. If Ruth chooses to make an additional contribution for the tax year, what is the maximum amount she may contribute?a. $1,000b. $2,400c. $3,400d. $4,400
Business
1 answer:
vodomira [7]3 years ago
7 0

Answer:

(A) $1,000

Explanation:

Health Savings Account (HSA) is an account that offers tax advantages to those individuals who are covered under high deductible health plans(HDHPs).

Both Employers and Employees make contributions to such an account.

Under the laws, the maximum contribution allowable is $3400 by both employers and employees.

Such contributions can be used for qualified medical expenses.

Individuals who are above 55 years of age can contribute an additional $1000 per person per year as per the law which can be of much help to early retirees.

Hence, Ruth is allowed to make an additional contribution of $1,000.

You might be interested in
When the perpetual inventory system is used, the inventory sold is debited to a.Supplies Expense b.Cost of Goods Sold c.Sales d.
Luda [366]

Answer:

The answer is D. Inventory account.

Explanation:

Perpetual inventory method is very useful as it is updated daily and gives a real-time insight into the stocks unlike in the periodic inventory system where you calculate the stock at the end of a certain period.

8 0
3 years ago
Thế nào là toàn cầu hóa thị trường, toàn cầu hóa sản xuất?
cricket20 [7]

Answer:

Toàn cầu hóa tiếp thị là một thuật ngữ tổng hợp kết hợp việc xúc tiến và bán hàng hóa và dịch vụ trong một nền kinh tế toàn cầu ngày càng phụ thuộc lẫn nhau và hội nhập. Nó làm cho các công ty không quốc tịch, không tường thành, với Internet trở thành một công cụ tiếp thị và văn hóa không thể thiếu.

Toàn cầu hóa sản xuất là sự hợp nhất các hoạt động kinh tế của các đơn vị tư bản trên phạm vi thế giới. Sản phẩm cuối cùng có thể được lắp ráp từ nhiều đơn vị riêng lẻ, được sản xuất ở một số lượng lớn các quốc gia khác nhau và có thể được sản xuất linh hoạt để đáp ứng nhu cầu thay đổi và để lấp đầy các ngóc ngách thị trường cá nhân.

Explanation:

3 0
2 years ago
Read 2 more answers
The production possibilities curve is bowed out (curve) because
Korolek [52]

Answer:

as the price of a good increases,the quantity supplied decreases

7 0
2 years ago
Read 2 more answers
A(n) _____ is the combination of advertising, personal selling, sales promotion, social media, and public relations that are use
mamaluj [8]

Answer:

Promotional mix

Explanation:

Promotional mix can be defined as a combination of different marketing approaches which are carried out to improve the sales of the company products and services.

Promotional mix is used by marketers to provide potential customers with adequate information about their products and services.

Promotional mix is essential for building strong awareness about the product, it is also very effective at reaching a wide range of different audiences.

4 0
3 years ago
Under a contractionary taxation policy, the government can reduce the deficit by
AlexFokin [52]

Answer:

c

Explanation:

not sure but I tried may best tho

7 0
3 years ago
Read 2 more answers
Other questions:
  • The purpose of the abstract of title is to :
    12·1 answer
  • Which type of decision maker tends to choose the first available option in haste
    11·1 answer
  • If you are stopped by a police officer for driving without having all passengers under the age of 18 properly restraint, you can
    13·2 answers
  • The U.S. Securities and Exchange Commission periodically charges individuals with insider trading and claims those individuals h
    13·1 answer
  • As it become easier to sell an asset in the secondary market relative to alternative assets, holding everything else unchanged,
    11·1 answer
  • 1. Rosa Green estimates the cost of future projects for a large contracting firm. Rosa uses precisely the same techniques to est
    13·1 answer
  • Management at Growing Green, a company that markets organic and environmentally friendly gardening and landscaping supplies and
    8·1 answer
  • A company had no office supplies available at the beginning of the year. During the year, the company
    14·1 answer
  • Transactions that affected Barter Company’s stockholders’ equity during 2015, the first year of operations, follow.
    11·1 answer
  • You are selling a new line of T-shirts on the boardwalk. The selling price will be $25 per shirt. The labor cost is $5 per shirt
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!