NeNe is an accountant and a U$.$S$.$ citizen who has accepted a permanent position in Madrid, Spain, for a Spanish financial services company. This

year, NeNe spent the entire year working in Madrid. NeNe's employer paid $$40,000$ of her Madrid housing expenses this year. What amount of

the $$40,000$ housing payments may NeNe exclude?

Multiple Choice

NeNe can exclude all of the housing payment because she worked more than $330$ days overseas.

None of her salary can be excluded from gross income.

$$17,710$

$$20,800$