Question: Exercise 5-21 (Algorithmic) (LO. 2) Vaientino is a patient in a nursing home for 60 days of 2023 . While in the nursing home, he

Exercise 5-21 (Algorithmic) (LO. 2) Vaientino is a patient in a nursing home for 60 days of 2023 . While in the nursing home, he incurs total costs of $30,240. Medicare pays $18,144 of the costs, Valentino receives $33,264 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 $420. Of the $33,264, what amount may Valentino exclude from his gross income

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