Brittany has been assigned to the Athens office of XYZ Corporation. She arrives in Athens on August 1, 2017 and does not return to the United States until June 1, 2019. During her stay in Athens, Brittany earned $115,000 in 2018. Brittany may exclude

A) $0.

B) $78,075.

C) $104,100.

D) $112,000

In September of 2018, Michael sold shares of qualified small business stock for $1,500,000 that had a basis of $500,000. He had held the stock for 12 months. Forty-five days after the sale he purchased other qualified small business stock for $1,750,000. How much of the gain will he recognize?

A) $0

B) $500,000

C) $750,000

D) $1,000,000