What is her available exclusion

Assignment Help Accounting Basics
Reference no: EM132643296

Question - Belinda spent the last 60 days of 2020 in a nursing home. The cost of the services provided to her was $18,000 ($300 per day). Medicare paid $8,500 toward the cost of her stay. Belinda also received $5,500 of benefits under a long-term care insurance policy she purchased. Assume that the Federal daily excludible amount is $380. What is her available exclusion?

Reference no: EM132643296

Questions Cloud

What is the minimum expected annual return for stock : What is the minimum expected annual return for Stock 3 that will enable Michele to achieve her investment requirement? Round to two decimal places.
Prepare required journal entries to record warranty expense : Prepare the required journal entries to record warranty expense and payments. Use December 31 for the journal entry date
What is the value of the option to expand : What is the value of the option to expand? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Find the p-adults believe in reincarnation : Based on a poll, 43% of adults believe in reincarnation. Assume that 6 adults are randomly selected.
What is her available exclusion : Belinda spent the last 60 days of 2020 in a nursing home. Assume that the Federal daily excludible amount is $380. What is her available exclusion
Determine amount of financing needed by sabaq corporation : Determine the amount of financing needed by Sabaq Corporation. Operating profit margin is forecasted at 7 percent of sales. Expected sales is RM550,000,000
Strategic risk management with the lego group : Strategic risk management with the LEGO Group. What exactly is strategic risk management? What are some examples of strategic risk?
Describe roles and responsibilities for risk management : The CIO feels the risk is too high and wants you to develop an Information Guide Handout and Risk Information Sheet for upper management to describe the risks.
Distribution for sampling proportion as normal distribution : Local press reported that out of 32,600 active cases of Coronavirus in Arkansas 425 had fatal outcome. Nationally 1 out of 88 active cases have fatal outcome.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What are debits and credits how are debits and credits

what are debits and credits? how are debits and credits employed to record business transactions? why do accountants

  What is the cost of goods sold on the sale

Angel model shoes to drop from $70 to $60 per pair. On March 15, Zaraz sold 300 pairs of the Angel model shoes. What is the cost of goods sold on the sale

  Sufficient fund to retire the bonds

Kate Greenway Corporation, having recently issued a $20 million, 15-year bond issue, is committed to make annual sinking fund deposits of $620,000. The deposits are made on the last day of each year and yield a return of 10%. Will the fund at the ..

  Determine the effect on the companys total net operating

ries corporation has received a request for a special order of 8200 units of product r34 for 34.60 each. the normal

  Cash distributions from parakeet

Stacey and Andrew each own one-half of the stock in Parakeet Corporation, a calendar year taxpayer. Cash distributions from Parakeet are: $350,000 to Stacey on April 1 and $150,000 to Andrew on May 1.

  Munch printing inc began printing operations on august 1

munch printing inc. began printing operations on august 1. jobs 10 and 11 were completed during the month and all costs

  Calculate the predetermined overhead rate

Bubba's Crawfish Processing Company uses a traditional overhead allocation based on direct labor hours. Calculate the predetermined overhead rate

  Parrett corp acquired one hundred percent of jones inc on

parrett corp. acquired one hundred percent of jones inc. on january 1 2009 at a price in excess of the subsidiarys fair

  Lithuania corporation operates a ferry service

Lithuania corporation operates a ferry service and owns four barges.

  Advice to the business owner on how business has performed

Advice to the business owner on how their business has performed for the month of March - recommendations to improve the profitability of the business.

  All reconciling items at march 31 2010 cleared the bank in

all reconciling items at march 31 2010 cleared the bank in april. outstanding checks at april 30 2010 totaled 6000.

  Calculate the sale price after markdown

An item that cost Rs. 2300 was marked up 38 % of the selling price. After some time the item is markdown 30 %. Calculate the sale price after markdown

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd