Each of the Numbered Items Below Is Accorded Only One

question 90

Multiple Choice

Each of the numbered items below is accorded only one of the following lettered treatments. Use the existing law as it applies to the current year, match the best answer to the statements below.
-Jeane's medical insurance carrier reimburses him 80% of his qualified medical expenses. During the current year Jeane receives $3,682 in payments.

• A)Fully excluded from gross income.
• B)Fully included in gross income.
• C)Partially excluded from gross income.