Matilda works for a company with 1,000 employees. The company has a hospitalization insurance plan that covers all employees. However, the employee must pay the first $3,000 of his medical expenses each year. Each year, the employer contributes $1,500 to each employee's health savings account (HSA). Matilda's employer made the contributions in 2020 and 2021, and the account earned $100 of interest in 2021. At the end of 2021, Matilda withdrew $3,100 from the account to pay the deductible portion of her medical expenses for the year and other uncovered medical expenses by the hospitalization insurance policy. 

As a result, what amount Matilda must include in her 2021 gross income?

Answer rating: 100% (QA)

Matilda must include the amount of 100 in her 2021 gross income The contri... View the full answer