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