Question
Fred currently earns $11,300 per month. Fred has been offered the chance to transfer for three to five years to an overseas affiliate. His employer
Fred currently earns $11,300 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 $12,300 per month if he accepts the assignment. Assume that the maximum foreign-earned income exclusion for next year is $112,000. Required:
If Fred's employer also provides him free housing abroad (cost of $17,150 next year), how much of the $17,150 is excludable from Fred's income? Assume that Fred will be abroad for 305 days out of 365 days next year. Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.
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