LO.2 Bertha spent the last 60 days of 2010 in a nursing home. The cost of the

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LO.2 Bertha spent the last 60 days of 2010 in a nursing home. The cost of the services provided to her was $14,000. Medicare paid $7,500 toward the cost of her stay. Bertha also received $10,500 of benefits under a long-term care insurance policy she purchased.

What is the effect on Bertha’s gross income?

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South Western Federal Taxation 2011 Taxation Of Business Entities

ISBN: 9780538498616

14th Edition

Authors: James E. Smith, William A. Raabe, David M. Maloney

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