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Required information [ The following information applies to the questions displayed below. ] Fred currently earns $ 9 , 0 0 0 per month. Fred

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[The following information applies to the questions displayed below.]
Fred currently earns $9,000 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 $12,000 per month if he accepts the assignment. Assume that the maximum
foreign-earned income exclusion for next year is $126,500.
b. Suppose that Fred's employer has offered Fred a six-month overseas assignment beginning on January 1 of next year. How much
U.S. gross income will Fred report next year if he accepts the six-month assignment abroad and returns home on July 1 of next year?
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