Nelda Suffered a Serious Stroke and Was Admitted to a Nursing

question 103

Multiple Choice

Nelda suffered a serious stroke and was admitted to a nursing home for 140 days.Nursing home charges,including physician fees and other related expenses were $33,000.Under Nelda's long-term care insurance contract,she received reimbursements of $36,000.How much of the $36,000 reimbursement must be included in Nelda's gross income in 2016?

• A)$0
• B)$1,400
• C)$36,000
• D)$3,000

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Definitions:

Special Treatment

The act of giving preferential or unique consideration or handling to a particular person or group.

Supply Fixed

A situation where the availability of a good or service is limited and cannot be easily adjusted.

Unique Product

A product that is different from anything else on the market, either because of its brand, design, or functionality, giving it a competitive advantage.

Price

The financial requirement for obtaining a service or good.