Exercise $5-21($Algorithmic$)($LO$.2)$

Valentino is a patient in a nursing home for $59$ days of $2024.$ While in the nursing home, he incurs total costs of $$29,028.$ Medicare pays $$17,417$ of the costs. Valentino receives $$31,931$ from his long$-$term care insurance policy, which pays while he is in the facility. Assume that the Federal daily excludible amount for Valentino is $$410.$

Of the $$31,931,$ what amount may Valentino exclude from his gross income?

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