Required Information (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. 2-1. 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