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Exercise 5 20 (Algorithmic) (LO. 2) Valentino is a patient in a nursing home for 51 days of 2021. While in the nursing home, he

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Exercise 5 20 (Algorithmic) (LO. 2) Valentino is a patient in a nursing home for 51 days of 2021. While in the nursing home, he incurs total costs of $24,480. Medicare pays $14,688 of the costs. Valentino receives $26,928 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 $400. Of the $26,928, what amount may Valentino exclude from his gross income

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