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Problem 5 - 4 1 ( Algorithmic ) ( LO . 2 ) Laura spent the last 7 0 days of 2 0 2 3
Problem AlgorithmicLO
Laura spent the last days of in a nursing home. The cost of the services provided to her was $ $ per day Medicare paid $ toward the cost of her stay. Laura also received $ of benefits under a longterm care insurance policy she purchased. Assume that the Federal daily excludible amount is $
If the amount is zero, enter
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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