What is Mio's foreign earned income exclusion?

Exercise 5-21 (Algorithmic) (LO. 2) Mio was transferred from New York to Germany. He lived and worked in Germany for 351 days in 2020, Mio's salary for 2020 is $244,800 Assume a 366-day year. In your computation, round any division to four decimal places before converting to a percentage For example, 0.473938 would be rounded to 0.4739 and converted to 47.39%. It required, round your final answer to the nearest dollar. What is Mio's foreign earned income exclusion 234,767 X The United States uses a global tax system as opposed to a territorial system. Under this global system, U.S. citizen is generally subject to tak on his or her income regardless of its economic origin