Question
Catherine is a U.S. citizen who is employed by DSC, Inc., a global company. Beginning on August 1, 2017, Catherine began working in Augsburg, Germany.
Catherine is a U.S. citizen who is employed by DSC, Inc., a global company. Beginning on August 1, 2017, Catherine began working in Augsburg, Germany. She worked for 153 days of 2017. She worked there until March 31, 2018, when she transferred to Kamnik, Slovenia. She worked in Kamnik for the remainder of 2018. Her salary for the first seven months of 2017 was $225,000, and it was earned in the United States. Her salary for the remainder of 2017 was $165,000, and it was earned in Augsburg. Catherine's 2018 salary from DSC was $425,000, with part being earned in Augsburg and part being earned in Kamnik. Assume the 2018 indexed statutory amount is the same as the 2017 indexed amount. Assume a 365-day year. When required, carry any fractions out to four decimal places. Round final answers up to the next whole dollar.
Catherine is a U.S. citizen who is employed by DSC, Inc., a global company. Beginning on August 1, 2017, Catherine began working in Augsburg, Germany. She worked for 153 days of 2017. She worked there until March 31, 2018, when she transferred to Kamnik, Slovenia. She worked in Kamnik for the remainder of 2018. Her salary for the first seven months of 2017 was $225,000, and it was earned in the United States. Her salary for the remainder of 2017 was $165,000, and it was earned in Augsburg. Catherine's 2018 salary from DSC was $425,000, with part being earned in Augsburg and part being earned in Kamnik. Assume the 2018 indexed statutory amount is the same as the 2017 indexed amount. Assume a 365-day year. When required, carry any fractions out to four decimal places. Round final answers up to the next whole dollar. a. Is Catherine eligible for the foreign income exclusion for 2017? b. Catherine may exclude c. Is Catherine eligible for the foreign income exclusion for 2018? d. Catherine may exclude from her gross income for 2017. from her gross income for 2018Step by Step Solution
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