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Required Information The following information applies to the questions displayed below] Fred currently earns $9,500 per month. Fred has been offered the chance to transfer
Required Information The following information applies to the questions displayed below] Fred currently earns $9,500 per month. Fred has been offered the chance to transfer for three to five years to an overseas affillate. His employer Is willing to pay Fred $10,500 per month if he accepts the assignment. Assume that the maximum forelgn-earned income exclusion for next year is $104,100 a-1. How much U.S. gross Income will Fred report If he accepts the assignment abroad on January 1of 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 $9,500 per month. Fred has been offered the chance to transfer for three to five years to an overseas affillate. HIs employer is willing to pay Fred $10,500 per month if he accepts the assignment. Assume that the maximum forelgn-earned income exclusion for next year is $104,100 a-2. If Fred's employer also provides him free housing abroad (cost of $20,500), how much of the $20,500 Is excludable from Fred's Income? Amount to be excluded Required Information [The following information applies to the questions displayed below. Fred currently earns $9,500 per month. Fred has been offered the chance to transfer for three to five years to an overseas affillate. His employer is willing to pay Fred $10,500 per month if he accepts the assignment. Assume that the maximum foreign-earned Income exclusion for next year is $104,100. 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? Income reported
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