Question: George is a U.S. citizen who is employed by Hawk Enterprises, a global company. Beginning on June 1, 2014, George began working in London. He
George is a U.S. citizen who is employed by Hawk Enterprises, a global company.
Beginning on June 1, 2014, George began working in London. He worked there until January 31, 2015, when he transferred to Paris. He worked in Paris the remainder of 2015. His salary for the first five months of 2014 was $100,000, and it was earned in the United States. His salary for the remainder of 2014 was $175,000, and it was earned in London. George's 2015 salary from Hawk was $300,000, with part being earned in Lon don and part being earned in Paris.
What is George's gross income in 2014 and 2015 (assume that the 2015 indexed amount is the same as the 2014 indexed amount)?
Step by Step Solution
3.36 Rating (162 Votes )
There are 3 Steps involved in it
2014 For the 12month period ending May 31 2015 George satisfies the 330day requirement ie was in Lon... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
459-L-B-L-I-T-E (323).docx
120 KBs Word File
