lll u nuisnlg home. The cost of the ser- vices provided to her was $18,000 ($300 per day). Medicare paid $8,500 to- ward the cost of her stay. Belinda also received $5,500 of benefits under a long-term care insurance policy she purchased. What is the effect on Belinda's gross income? 1. LO.2 Tim is the vice president of western operations for Maroon Oil Company and is stationed in San Francisco. He is required to live in an employer-owned home, which is three blocks from his company office. The company-provided home is equipped with high-speed internet access and several telephone lines. Tim receives telephone calls and e-mails that require immediate attention any time of day or night because the company's business is spread all over the world. A full-time administrative assistant resides in the house to assist Tim with the urgent business matters. Tim often uses the home for entertaining customers, suppliers, and employ- ees. The fair market value of comparable housing is $9,000 per month. Tim is also provided with free parking at his company's office. The value of the parking is $350 per month. Calculate the amount associated with the company-provided housing 2 and free parking that Tim must include in his gross income for 2017