Question 3 of 75. Xavier (39) earned $236,000 in wages in 2021. His employer contributed $1,750 to his health savings account during the year. Xavier also took advantage of a payroll deduction plan and made additional, pre-tax contributions of $1,500. He would like to make an additional contribution for 2021 if it will lower his tax liability. What is the maximum, fully deductible amount Xavier can still contribute to his plan? $0 $350 $3,600 O $6,000
Question 3 of 75. Xavier (39) earned $236,000 in wages in 2021. His employer contributed $1,750 to his health savings account during the year. Xavier also took advantage of a payroll deduction plan and made additional, pre-tax contributions of $1,500. He would like to make an additional contribution for 2021 if it will lower his tax liability. What is the maximum, fully deductible amount Xavier can still contribute to his plan? $0 $350 $3,600 O $6,000
Chapter9: Deduct Ions: Employee And Self-employed - Related Expenses
Section: Chapter Questions
Problem 38P
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT
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