Question
George is a U.S. citizen who is employed by Hawk Enterprises, a global company. Beginning on June 1, 2017, 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, 2017, George began working in London (for a total of 214 days in 2017). He worked there until January 31, 2018, when he transferred to Paris. He worked in Paris the remainder of 2018. His salary for the first five months of 2017 was $100,000, and it was earned in the United States. His salary for the remainder of 2017 was $175,000, and it was earned in London. George's 2018 salary from Hawk was $300,000, with part being earned in London and part being earned in Paris.
Assume the 2018 indexed amount is the same as the 2017 indexed amount. Assume 365 days in a year.
a. Is George eligible for the foreign income exclusion for 2017? Yes
b. Is George eligible for the foreign income exclusion for 2018? Yes
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Carry any fractions out to four decimal places. Round your final answers to the nearest dollar.
c. George's gross income for 2017 is $.
d. George's gross income for 2018 is $.
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