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Question Phil's qualified long-term care insurance benefits in 2023 were $320 per day, even...

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Accounting

Question
Phil's qualified long-term care insurance benefits in 2023 were $320 per day, even though his expenses for such care were $200 per day. How much of such benefits were received tax-free?
Answers
$320 per day
$200 per day
$110 per day
No long-term care benefits are received tax-free
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