Joan is a single individual who works for Big Petroleum, Inc. During all of 2020, she is

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Joan is a single individual who works for Big Petroleum, Inc. During all of 2020, she is stationed in West Africa. She pays West African taxes of $20,000 on her Big Petroleum salary of $92,000. Her taxable income without considering her salary from Big Petroleum is $36,000. How should Joan treat the salary she receives from Big Petroleum on her 2020 U.S. tax return?

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Concepts In Federal Taxation 2021

ISBN: 9780357141212

28th Edition

Authors: Kevin E. Murphy, Mark Higgins, Randy Skalberg

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