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Vita HSA Certificate 2024/2025 already graded A+
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Vita HSA Certificate 2024/2025 already graded A+
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Vita HSA CertificateLeo Williams is single and 45 years old.
Leo works as an IT manager and his Form W-2 shows wages of $47,250.
Leo participated in his employer's self-only coverage High Deductible Health Plan (HDHP) all
year.
Leo does not have any other health coverage.
Leo has had an HSA for two years.
Leo's employer contributed $1,500 in 2017 to Leo's HSA.
In 2017, Leo's Aunt contributed $2,000 to Leo's HSA.
Leo is a U.S. citizen and has a valid Social Security number.
1. Is Leo an eligible individual for HSA purposes even though he did not make his own
contributions? - ANSYes (Correct)
Leo Williams is single and 45 years old.
Leo works as an IT manager and his Form W-2 shows wages of $47,250.
Leo participated in his employer's self-only coverage High Deductible Health Plan (HDHP) all
year.
Leo does not have any other health coverage.
Leo has had an HSA for two years.
Leo's employer contributed $1,500 in 2017 to Leo's HSA.
In 2017, Leo's Aunt contributed $1,900 to Leo's HSA.
Leo is a U.S. citizen and has a valid Social Security number.
2. What amount will Leo use to compute his HSA deduction on Form 1040, line 25? -
ANS$1900 (Correct)
Leo Williams is single and 45 years old.
Leo works as an IT manager and his Form W-2 shows wages of $47,250.
Leo participated in his employer's self-only coverage High Deductible Health Plan (HDHP) all
year.
Leo does not have any other health coverage.
Leo has had an HSA for two years.
Leo's employer contributed $1,500 in 2017 to Leo's HSA.
In 2017, Leo's Aunt contributed $2,000 to Leo's HSA.
Leo is a U.S. citizen and has a valid Social Security number.
3. Employer contributions to Leo's HSA are reported on his Form W-2, box 12, code W. -
ANSTrue (Correct)
Ed and Christine are married and will file a joint return.
Ed is 47 years old, and Christine is 56 years old.
Both were enrolled in self-only coverage High Deductible Health Plans (HDHPs) through their
employers for the entire year of 2017.
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