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Problem 5 - 4 1 ( Algorithmic ) ( LO . 2 ) Laura spent the last 7 0 days of 2 0 2 3

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Problem 5-41(Algorithmic)(LO.2)
Laura spent the last 70 days of 2023 in a nursing home. The cost of the services provided to her was $22,750( $325 per day). Medicare paid $5,600 toward the cost of her stay. Laura also received $15,800 of benefits under a long-term care insurance policy she purchased. Assume that the Federal daily excludible amount is $420.
If the amount is zero, enter 0.
What is the effect on Laura's gross income?
The amount of her exclusion is $ and the amount included in her gross income is $M
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