Mathematics, 08.02.2021 07:40 hansesk
Valentino is a patient in a nursing home for 61 days of 2020. While in the nursing home, he incurs total costs of $27,816. Medicare pays $16,690 of the costs. Valentino receives $30,598 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 $380. Of the $30,598, what amount may Valentino exclude from his gross income?
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Valentino is a patient in a nursing home for 61 days of 2020. While in the nursing home, he incurs t...
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