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Problem concerning health savings account


Problem: During the year, Mary contributed $2,000 to her Health Savings Account (HSA) and her mother also contributed $1,000 to Mary's HSA. . Mary's Form W-2 shows $1,150 in Box 12 with code W. She has Form 5498-SA showing $4,150 in Box 2. . Mary has Form 1099-SA showing her HSA distributions. She used her distributions to pay the following unreimbursed expenses: to $500 for nine visits to a physical therapist after her knee surgery o $1,000 unreimbursed doctor bills o $280 prescription medicine o $1,500 replacement of a crown o $300 deep cleaning for teeth o $40 over the counter medication o $260 gym membership (for her general health and fitness) . Mary is a U.S. citizen with a valid Social Security number. Advanced Scenario 3: Retest Questions Mary is eligible to contribute an additional $2,000 to her HSA because she is age 55 or older. O a. True O b. False Need Assignment Help?

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Other Subject: Problem concerning health savings account
Reference No:- TGS03456498

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