Nelda Suffered a Serious Stroke and Was Admitted to a Nursing

question 111

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 2018?

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

---

Definitions:

Income Inequality

The unequal distribution of income within a population, often measured by various statistical means to gauge disparity.

Education And Training

The process of facilitating learning, or the acquisition of knowledge, skills, values, and habits through various forms like schooling, training programs, and workshops.

Mental Talents

Innate or developed abilities in cognitive tasks, creative processes, or problem-solving activities.

Income Equality

A measure or concept where everyone has the same income or very similar incomes, minimizing the gap between the wealthy and the poor.