Nelda Suffered a Serious Stroke and Was Admitted to a Nursing

question 5

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 2013?

• A)$0
• B)$1,400
• C)$7,400
• D)$3,000

---

Definitions:

Market Transactions

Exchanges or trades of goods, services, or financial instruments between parties in a marketplace.

Legal Guidelines

Frameworks or principles established by law or legal authority to guide actions or procedures.

Executive Orders

Directives issued by the President of the United States or other authorized executive officials, managing operations of the federal government.

Article II

Often refers to a specific section within a legal document, constitution, or treaty that outlines certain laws or rights, depending on the context.