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Julia Suffered a Severe Stroke and Has Been Admitted to a Private

question 52

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Julia suffered a severe stroke and has been admitted to a private hospital where she is expected to remain for the rest of her life.She is certified by a licensed health care practitioner as being a "chronically ill individual." Her hospital expenses amount to $280 per day.She will receive $270 per day from a $500,000 life insurance policy as an accelerated death benefit.In 2015,she was in the hospital for 10 days and received $2,700.How much of this amount is taxable?


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