Sharisma Suffered a Serious Stroke and Was Admitted to a Nursing

question 92

Multiple Choice

Sharisma 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 $63,000.Under Sharisma's long-term care insurance contract,she received reimbursements of $56,000.How much of the $56,000 reimbursement must be included in Sharisma's gross income in 2014?

• A)$0
• B)$9,800
• C)$56,000
• D)$7,000

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Definitions:

Jefferson Davis

The President of the Confederate States of America during the American Civil War from 1861 to 1865.

Centralization

The concentration of administrative power and decision-making authority in a central location or governing body.

Industrialize

The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods, involving mechanization and an increase in production capacity.

Northern Iron Works

Historic foundries in the Northern United States, significant for their role in the industrialization era.