22 ! 100 Check my woln Part 1 of 5 0.18 points Required information Problem 5-62 (LO 5-3) (Algo) [The following information applies to the questions displayed below.] Fred currently earns $10,800 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 $11,800 per month if he accepts the assignment. Assume that the maximum foreign-earned income exclusion for next year is $108,700. eBook Ask Print Problem 5-62 Part-a-1 (Algo) a-1. How much U.S. gross income will Fred report if he accepts the assignment abroad on January 1 of next year and works overseas for the entire year? References Income reported