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Valentino is a patient in a nursing home for 62 days of 2019. While in...

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Accounting

Valentino is a patient in a nursing home for 62 days of 2019. While in the nursing home, he incurs total costs of $27,528. Medicare pays $16,517 of the costs. Valentino receives $30,281 from his long-term care insurance policy, which pays while he is in the facility. Assume that the Federal daily excludible amount for Valentino is $370.

Of the $15,000, what amount may Valentino exclude from his gross income?

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