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Fred currently earns $ 1 0 , 3 0 0 per month. Fred has been offered the chance to transfer for three to five years

Fred currently earns $10,300 per month. Fred has been offered the chance to transfer for three to five years to an overseas affiliate. His employer is willing to pay Fred $13,300 per month if he accepts the assignment. Assume that the maximum foreign-earned income exclusion for next year is $126,500. If Fred's employer also provides him free housing abroad (cost of $20,650 next year), how much of the $20,650 is excludable from Fred's income? Assume that Fred will be abroad for 305 days out of 365 days next year.

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