uired [The following information applies to the questions displayed below.] Fred currently earns $10,500 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 $11,500 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