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 -2. If Fred's employer also provides him free housing abroad (cost of $27,500 ), how much of the $27,500 is excludable from Fred: come? 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. Suppose that Fred's employer has offered Fred a six-month overseas assignment beginning on January 1 of next year. How muct J.S. gross income will Fred report next year if he accepts the six-month assignment abroad and returns home on July 1 of next year