Julia Suffered a Severe Stroke and Has Been Admitted to a Private

question 104

Multiple Choice

Julia suffered a severe stroke and has been admitted to a private hospital where she is expected to remain for the rest of her life.She is certified by a licensed health care practitioner as being a "chronically ill individual." Her hospital expenses amount to $280 per day.She will receive $270 per day from a $500,000 life insurance policy as an accelerated death benefit.In 2014,she was in the hospital for 10 days and received $2,700.How much of this amount is taxable?

• A)$0
• B)$500
• C)$100
• D)$2,700

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Definitions:

Appraisal Motive

The drive to understand oneself and others, assessing motivations, emotions, and behaviors for comprehension.

Personal Trainer

A fitness professional who creates customized exercise programs and provides one-on-one coaching to help individuals achieve their fitness and health goals.

10K Marathon

A long-distance running event of 10 kilometers, often involving competitive or recreational participation.

Self-Enhancement Motive

The inherent tendency of humans to want to see themselves in a positive light and to seek out positive feedback while avoiding negative feedback.