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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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
$6,000
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