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Exercise 5-21 (Algorithmic) (LO. 2) Mio was transferred from New York to Germany. He lived and worked in Germany for 353 days in 2022.
Exercise 5-21 (Algorithmic) (LO. 2) Mio was transferred from New York to Germany. He lived and worked in Germany for 353 days in 2022. Mio's salary for 2022 is $228,800. 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 eamed income exclusion?
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