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Fred currently earns $10,800 per month. Fred has been offered the chance to transfer for three to flve years to an overseas affiliate. His employer is willing to pay Fred $13,800 per month if he accepts the assignment. Assume that the maximum foreign-earned income exclusion for next year is $120,000. Problem 5-62 Part b (Algo) . Suppose that Fred's employer has offered Fred a six-month overseas assignment beginning on January 1 of next year. How much 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