Brad Suffers from Congestive Heart Failure and Has Been Admitted

question 80

Multiple Choice

Brad suffers from congestive heart failure and has been admitted to a nursing home where he is expected to spend the remainder of his life.His doctor has certified him as chronically ill.In 2017,Brad receives $320 per day from his life insurance policy for 100 days ($32,000) as accelerated death benefits.Brad's nursing home care costs $300 per day ($30,000 for the 100 days of care) .Brad will be allowed to exclude

• A)$0.
• B)$30,000.
• C)$32,000.
• D)$2,000.

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Definitions:

Team Leaders

Individuals who are responsible for guiding, coordinating, and overseeing the performance of a team towards achieving specific goals.

Middle Managers

Middle managers are individuals who manage the work of first-level managers and report to the organization's top management, often playing a critical role in executing the company's strategic plans.

Organizing

The method of organizing tasks and resources to accomplish goals in an efficient and effective manner within an organization.

Planning

The process of developing strategies and making decisions about what will be done in the future to achieve specific goals.