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! Required information Problem 5.62 (LO 5-3) (Algo) [The following information applies to the questions displayed below.) Fred currently earns $10,300 per month. Fred has
! Required information Problem 5.62 (LO 5-3) (Algo) [The following information applies to the questions displayed below.) Fred currently earns $10,300 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 $11,300 per month if he accepts the assignment. Assume that the maximum foreign-earned income exclusion for next year is $107,600. Problem 5-62 Part-a-2 (Algo) a-2. If Fred's employer also provides him free housing abroad (cost of $21,300), how much of the $21,300 is excludable from Fred's income? c-2. If Fred's employer also provides him free housing abroad (cost of $16,650 next year), how much of the $16,650 is excludable from Fred's income? Assume that Fred will be abroad for 305 days out of 365 days next year. (Use 365 days in a year. Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.)
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