Fred currently earns $11,500 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 $14,500 per month if he accepts the assignment. Assume that the maximum foreign-earned income exciusion for next year is $120,000. 1. Suppose that Fred's employer offers Fred a permanent overseas assignment beginning on March 1 of next year. How much US. yross income will Fred report next year if he accepts the permanent assignment abroad? Assume that Fred will be abroad for 305 days out of 365 days next year. Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. Fred currently earns $11,500 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 $14,500 per month if he accepts the assignment. Assume that the maximum foreign-earned income exclusion for next year is $120,000 c-2. If Fred's employer also provides him free housing abroad (cost of $21,250 next year). how much of the $21,250 is excludabie from Fred's income? Assume that Fred will be abroad for 305 days out of 365 days next year. Note: Round your intermediate calculations and final answer to the nearest whole dollar amount