Nareem's insurance will pay (Round to the nearest dollar.)

Income Tax Fundamentals 2020
38th Edition
ISBN:9780357391129
Author:WHITTENBURG
Publisher:WHITTENBURG
Chapter2: Gross Income And Exclusions
Section: Chapter Questions
Problem 6P
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Copayment. Nareem's hospital stay cost $7,575 and his insurance requires a copayment of $500. Nareem has already fully met his deductible for the year. How much will his insurance pay for his hospital bill?
Nareem's insurance will pay $. (Round to the nearest dollar.)
Transcribed Image Text:Copayment. Nareem's hospital stay cost $7,575 and his insurance requires a copayment of $500. Nareem has already fully met his deductible for the year. How much will his insurance pay for his hospital bill? Nareem's insurance will pay $. (Round to the nearest dollar.)
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