Required information [The following information applies to the questions displayed below.] Fred currently earns $10,900 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 $11,900 per month if he accepts the assignment. Assume that the maximum foreign-earned income exclusion for next year is $108,700. a-1. How much U.S. gross income will Fred report if he accepts the assignment abroad on January 1 of next year and works overseas for the entire year? Income reported Required information [The following information applies to the questions displayed below.] Fred currently earns $10,900 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 $11,900 per month if he accepts the assignment. Assume that the maximum foreign-earned income exclusion for next year is $108,700. a-2. If Fred's employer also provides him free housing abroad (cost of $21,900), how much of the $21,900 is excludable from Fred's income? Amount to be excluded