Problem 5-40 (Algorithmic) (LO. 2) Carol spent the last 75 days of 2022 in a nursing home. The cost of the services prov

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Problem 5 40 Algorithmic Lo 2 Carol Spent The Last 75 Days Of 2022 In A Nursing Home The Cost Of The Services Prov 1 (42.99 KiB) Viewed 10 times

Problem 5-40 (Algorithmic) (LO. 2) Carol spent the last 75 days of 2022 in a nursing home. The cost of the services provided to her was $22,500 ($300 per day). Medicare paid $9,200 toward the cost of her stay. Carol also received $15,080 of benefits under a long-term care insurance policy she purchased. Assume that the Federal daily excludible amount is $390. If the amount is zero, enter 0. What is the effect on Carol's gross income? The amount of her exclusion is $ and the amount included in her gross income is $