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Author Question: Nelda suffered a serious stroke and was admitted to a nursing home for 140 days. Nursing home ... (Read 110 times)

SO00

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Nelda suffered a serious stroke and was admitted to a nursing home for 140 days. Nursing home charges, including physician fees and other related expenses were $33,000. Under Nelda's long-term care insurance contract, she received reimbursements of $36,000. How much of the $36,000 reimbursement must be included in Nelda's gross income in 2016?
◦ $0
◦ $1,400
◦ $36,000
◦ $3,000


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Marked as best answer by SO00 on Sep 13, 2020

cam1229

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SO00

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Reply 2 on: Sep 13, 2020
Excellent


kusterl

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Reply 3 on: Yesterday
:D TYSM

 

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