1. Valentino is a patient in a nursing home for 45 days of 2023. While in the nursing home, he incurs total costs of $13,500. Medicare pays $8,000 of the costs. Valentino receives $15,000 from his long-term care insurance policy, which pays while he is in the facility. Assume the daily excludible amount for Valentino is $420. Of the $15,000, what amount may Valentino exclude from his gross income? 2. Mio was transferred from New York to Germany. He lived and worked in Germany for 340 days in 2023 and can show his tax home is now Germany. Mio's salary is $190,000. In your computation, round any division to four decimal places before converting to a percentage. For example, 0.473938 would be rounded to 47.39%. What is Mio's foreign earned income exclusion? 3. Ellie purchases an insurance policy on her life and names her brother, Jason as the beneficiary. Ellie pays $32,000 in premiums for the policy during her life. When she dies, Jason collects insurance proceeds of $500,000. As a result, how much gross income does Jason report? 4. Alfred owned a term life insurance policy at the time he was diagnosed with a terminal illness. After paying $18,300 in premiums, he sold the policy to a company that is authorized by a state government to purchase such policies. The company aid Alfred $125,000. When Alfred died 18 months later, the company collected the face amount of the policy, $150,000. As result of the sale, how much is Alfred required to include in his gross income?

1. Nalentino is a patient in a nursing home for 45 days of 2023 . While in the nursing home, he incurs total costs of $13,500. Medicare pays $8,000 of the costs. Valentino receives $15,000 from his long-term care insurance policy, which pays while he is in the facility. Assume the daily excludible amount for Valentino is $420. Of the $15,000, what amount may Valentino exclude from his gross income? 2. Mio was transferred from New York to Germany. He lived and worked in Germany for 340 days in 2023 and can show his tax home is now Germany. Mio's salary is $190,000. In your computation, round any division to four decimal places before converting to a percentage. For example, 0.473938 would be rounded to 47.39%. What is Mio's foreign earned income exclusion? 3. Ellie purchases an insurance policy on her life and names her brother, Jason as the beneficiary. Ellie pays $32,000 in premiums for the policy during her life. When she dies, Jason collects insurance proceeds of $500,000. As a result, how much gross income does Jason report? 4. Alfred owned a term life insurance plicy at the time he was diagnosed with a terminal illness. After paying $18,300 in premiums, he sold the policy to a company that is authorized by a state government to purchase such policies. The company aid Alfred $125,000. When Alfred died 18 months later, the company collected the face amount of the policy, $150,000. As result of the sale, how much is Alfred required to include in his gross income