41. LO.2 Belinda spent the last 60 days of 2013 in a nursing home. The cost of...

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41. LO.2 Belinda spent the last 60 days of 2013 in a nursing home. The cost of the services provided to her was $16,000. Medicare paid $8,500 toward the cost of her stay. Belinda also received $9,500 of benefits under a long-term care insurance policy she purchased.

What is the effect on Belinda’s gross income?

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South-Western Federal Taxation 2014 Corporations Partnerships Estates And Trusts

ISBN: 9781285424484

37th Edition

Authors: William H. Hoffman Jr., William A. Raabe, James E. Smith, David M. Maloney, James C. Young

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