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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
Required information
The following information applies to the questions displayed below.
Fred currently earns $ 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 $ per month if he accepts the assignment. Assume that the maximum
foreignearned income exclusion for next year is $
b Suppose that Fred's employer has offered Fred a sixmonth overseas assignment beginning on January of next year. How much
US gross income will Fred report next year if he accepts the sixmonth assignment abroad and returns home on July of next year?
Answer is complete but not entirely correct.
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