Question
George is a U.S. citizen who is employed by Hawk Enterprises, a global company. Beginning on June 1, 2021, George began working in London (for
George is a U.S. citizen who is employed by Hawk Enterprises, a global company. Beginning on June 1, 2021, George began working in London (for a total of 214 days in 2021). He worked there until January 31, 2022, when he transferred to Paris. He worked in Paris the remainder of 2022. His salary for the first five months of 2021 was $100,000, and it was earned in the United States. His salary for the remainder of 2021 was $175,000, and it was earned in London. George's 2022 salary from Hawk was $300,000, with part being earned in London and part being earned in Paris. Assume the 2022 indexed amount is the same as the 2021 indexed amount. Assume 365 days in 2021 (a leap year) and 365 days in 2022. Question Content Area a. Is George eligible for the foreign income exclusion for 2021 and/or 2022? Both years Feedback Area Feedback Congress has provided alternative forms of relief from taxes on foreign earned income. The taxpayer can elect either (1) to include the foreign income in his or her taxable income and then claim a credit for foreign taxes paid or (2) to exclude the foreign earnings from his or her U.S. gross income (the foreign earned income exclusion). Question Content Area Carry any fractions out to four decimal places. Round your final answers to the nearest dollar. b. Determine George's gross income in 2021 and 2022 2021: $fill in the blank 052dc6fa8fdcfcf_1 2022: $fill in the blank 052dc6fa8fdcfcf_2 191,300 .
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