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help Fred currently earns $10,800 per month. Fred has been offered the chance to transfer for three to five years to an overseas affiliate. His

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Fred currently earns $10,800 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 $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 a-1 (Algo) -1. How much U.S. gross income will Fred report if he accepts the assignment abroad on January 1 of next year and works overseas or the entire year

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