Fred currently earns $10,400 per month. Fred has been offered the chance to transfer for three to five years to an overseas affiliate. His employer is willing to pay Fred $11,400 per month if he accepts the assignment. Assume that the maximum foreign-earned income exclusion for next year is $112,000. - Suppose that Fred’s employer has offered Fred a six month overseas assignment beginning on January 1 of next year. How much U.S gross income will Fred report next year if he accepts the six month assignment abroad and returns home in July 1 of next year
Fred currently earns $10,400 per month. Fred has been offered the chance to transfer for three to five years to an overseas affiliate. His employer is willing to pay Fred $11,400 per month if he accepts the assignment. Assume that the maximum foreign-earned income exclusion for next year is $112,000. - Suppose that Fred’s employer has offered Fred a six month overseas assignment beginning on January 1 of next year. How much U.S gross income will Fred report next year if he accepts the six month assignment abroad and returns home in July 1 of next year
Chapter16: Tax Research
Section: Chapter Questions
Problem 65DNC
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Fred currently earns $10,400 per month. Fred has been offered the chance to transfer for three to five years to an overseas affiliate. His employer is willing to pay Fred $11,400 per month if he accepts the assignment. Assume that the maximum foreign-earned income exclusion for next year is $112,000.
- Suppose that Fred’s employer has offered Fred a six month overseas assignment beginning on January 1 of next year. How much U.S gross income will Fred report next year if he accepts the six month assignment abroad and returns home in July 1 of next year?
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