Rachel has $90,000 of foreign earned income and $500,000 of U.S. based income. She is anticipating having similar income in future years. She is concerned about double taxation of her income and whether or not she should elect a particular tax benefit. Assuming you were her tax adviser, what would you recommend?Assume that Rachel has $700,000 of foreign earned income and $300,000 of U.S. based income. She is anticipating having similar income in future years. How would you adjust your suggestions .