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Problem 5-48 (b) (LO. 2) Althea Is a U.s. citizen who is employed by Transliterations, Inc., a global company. Beginning on April 1, 2018, Althea

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Problem 5-48 (b) (LO. 2) Althea Is a U.s. citizen who is employed by Transliterations, Inc., a global company. Beginning on April 1, 2018, Althea began working in Helsinki, Finland. She worked for 275 days of 2018. She worked there until January 31, 2019, when she transferred to Copenhagen, Denmark. She worked in Copenhagen for the remainder of 2019. Her salary for the first three months of 2018 was $60,000, and it was earned in the United States. Her salary for the remainder of 2018 was $270,000, and it was earned in Helsinki. Althea's 2019 salary from Transliterations was $370,000, with part being earned in Helsinki and part being earned in Copenhagen. Assume the 2019 indexed statutory amount is the same as the 2018 indexed amount. Assume a 365-day year. When required, round any fractions out to four decimal places. Round final answers to the nearest dolla a. 1s Althea eligible for the foreign income exclusion for 20187 Yes b. Althea may exclude from her gross income for 2018. c. Is Althea eligible for the foreign income exclusion for 20197 Yes V d. Althea may exclude from her gross income for 2019 Problem 5-48 (b) (LO. 2) Althea Is a U.s. citizen who is employed by Transliterations, Inc., a global company. Beginning on April 1, 2018, Althea began working in Helsinki, Finland. She worked for 275 days of 2018. She worked there until January 31, 2019, when she transferred to Copenhagen, Denmark. She worked in Copenhagen for the remainder of 2019. Her salary for the first three months of 2018 was $60,000, and it was earned in the United States. Her salary for the remainder of 2018 was $270,000, and it was earned in Helsinki. Althea's 2019 salary from Transliterations was $370,000, with part being earned in Helsinki and part being earned in Copenhagen. Assume the 2019 indexed statutory amount is the same as the 2018 indexed amount. Assume a 365-day year. When required, round any fractions out to four decimal places. Round final answers to the nearest dolla a. 1s Althea eligible for the foreign income exclusion for 20187 Yes b. Althea may exclude from her gross income for 2018. c. Is Althea eligible for the foreign income exclusion for 20197 Yes V d. Althea may exclude from her gross income for 2019

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