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4-50 he spent sixty days in Foreign-Earned Income Exclusion. On January 5, 2020 Rita left the United States for Germany, where she had accepted an
4-50 he spent sixty days in Foreign-Earned Income Exclusion. On January 5, 2020 Rita left the United States for Germany, where she had accepted an appointment as vice president of foreign operations. Her employer, USA Corporation, told her the assignment would last about two years. Rita decided not to establish a permanent residence in Germany because her assignment was for only two years. Her salary for the Yar is $306,300. Rita incurred travel, transporta- tion, and other related expenses totalin $6,000, none of which are reimbursed. a. What is Rita's foreign-earned incomxclusion? b. How much may she deduct for travel and transportation? in USA Corporation debt was reduced from $780,000 VAIwwer was
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