Martina, a U.S. citizen, works for a company based in Argentina. She had an assignment that required her to live and work in Argentina during 2021. Her employer paid her $5,000,000 Argentine pesos throughout the year for her services. How should Martina report her income from this job when she files her 2021 U.S. federal tax return? On December 31, 2021, one Argentine peso was worth $0.00974 U.S. dollars. You may also refer to the following table as needed to determine the correct answer. (Answer choices are below the table.)

$48,692 U.S. dollars.

$52,577 U.S. dollars.

$5,000,000 Argentine pesos.

Martina's income is not taxable or reportable on her U.S. income tax return.