Sharisma Suffered a Serious Stroke and Was Admitted to a Nursing

question 92

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 2014?

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

---

Definitions:

Discharge

The termination of an employee's job position by the employer, often for cause such as misconduct or poor performance.

Aggregate Welfare

The total level of well-being or economic prosperity of a community, region, or country, considering all individuals and factors collectively.

Top-Down Organizations

Organizations structured so that decision-making and directives flow from the upper levels of management down to the lower levels.

Shareholders

Individuals or entities that own shares in a corporation, giving them partial ownership and a right to part of the profits.