Exercise 11-2 (Algorithmic) (LO. 2) Mio was transferred from New York to Germany. He lived and worked in Germany for 349 days in 2021. Mio's salary for 2021 is $280,000. Assume a 365-day year. In your computation, round any division to four decimal places before converting to a percentage. For example, 0.473938 would be rounded to 0.4739 and converted to 47.39%. If required, round your final answer to the nearest dollar. What is Mio's foreign earned income exclusion? 103,656 x Feedback Check My Work The United States uses a global tax system as opposed to a territorial system. Under this global system, a U.S. citizen is generally subject to tax on his or her income regardless of its economic origin