Question: Problem 5-40 (Algorithmic) (L0. 2) Edna spent the last 80 days of 2021 in a nursing home. The cost of the services provided to her
Problem 5-40 (Algorithmic) (L0. 2) Edna spent the last 80 days of 2021 in a nursing home. The cost of the services provided to her was $24,000 ($300 per day). Medicare paid $14,000 toward the cost of her stay. Edna also received $14,000 of benefits under a long-term care insurance policy she purchased. Assume that the Federal daily excludible amount is $400. If the amount is zero, enter 0. What is the effect on Edna's gross income? The amount of her exclusion is $ and the amount included in her gross income is $
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