Boris pays $ 8,400 premium for higher deductible medical insurance for himself a

Question

Boris pays $ 8,400 premium for higher deductible medical insurance for himself and his family. In addition, he contributes $ 3,000 to a health saving account. Which of the following statement is true? If Boris is self employed, he may deduct $ 7,800 as a deduction for AGI. If Boris is self employed, he may deduct $ 3000 as a deduction for AGI and may include the $ 4,800 premium when calculating his medical expenses deduction. If Boris is employee, he may deduct $ 7,800 as a deduction for AGI. If Boris is employee, he may include the $ 7800when calculating his medical expenses deduction.

Explanation / Answer

Statement that if boris is self employed, he may deduct $3000 as deduction for AGI and may include $4800 premium when calculating the medical expense deduction is correct. Therefore answer will be (b).

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