Question: Problem 11-15 (Algorithmic) (LO. 2) Janice spent the last 75 days of 2020 in a nursing home. The cost of the services provided to her

Problem 11-15 (Algorithmic) (LO. 2) Janice spent the last 75 days of 2020 in a nursing home. The cost of the services provided to her was $26,250 ($350 per day). Medicare paid $8,400 toward the cost of her stay. Janice also received $15,440 of benefits under a long-term care insurance policy she purchased. If the amount is zero, enter 0. What is the effect of each of these items on Belinda's gross income? Hint: Refer to Digging Deeper 3. The amount of her exclusion is $ X and the amount included in her gross income is $ 0
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
