Sharisma Suffered a Serious Stroke and Was Admitted to a Nursing

question 72

Multiple Choice

Sharisma 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 $63,000.Under Sharisma's long-term care insurance contract,she received reimbursements of $56,000.How much of the $56,000 reimbursement must be included in Sharisma's gross income in 2015?

• A)$0
• B)$9,800
• C)$56,000
• D)$7,000

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Definitions:

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Measures such as tariffs, quotas, and regulations implemented by governments to control international trade and protect domestic industries.

NAFTA

The North American Free Trade Agreement, a treaty between the United States, Canada, and Mexico that eliminated most tariffs and trade barriers between the countries.

Comparative Advantage

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