13-13 Foreign Income Exclusions. J worked in Canada from August 1, 2020, through September 30, 2021. During 2021 her salary from work in Canada was $60,000 (in U.S. dollars), and her salary from work in the United States after she returned was $10,000. a) Calculate J's foreign earned income exclusion. b) Assume J earned $90,000 in Canada. What is her foreign earned income exclusion?

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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13-13 Foreign Income Exclusions. J worked in Canada from August 1, 2020, through
September 30, 2021. During 2021 her salary from work in Canada was $60,000 (in U.S.
dollars), and her salary from work in the United States after she returned was $10,000.
a) Calculate J's foreign earned income exclusion.
b) Assume J earned $90,000 in Canada. What is her foreign earned income exclusion?
Transcribed Image Text:13-13 Foreign Income Exclusions. J worked in Canada from August 1, 2020, through September 30, 2021. During 2021 her salary from work in Canada was $60,000 (in U.S. dollars), and her salary from work in the United States after she returned was $10,000. a) Calculate J's foreign earned income exclusion. b) Assume J earned $90,000 in Canada. What is her foreign earned income exclusion?
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