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16. 16. Jeremy, an American citizen, earned $200,000 during 2011 while employed in Saudi Arabia....

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Accounting

16.

16. Jeremy, an American citizen, earned $200,000 during 2011 while employed in Saudi Arabia. Jeremy is entitled to the maximum foreign-earned income exclusion. Jeremy also incurred $40,000 of deductible expenses attributed to the foreign-earned income. Jeremy may deduct how much in expenses?

a. $-0-

b. $18,580

c. $21,420

d. $40,000

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