Fred currently earns $9,000 per month. Fred has been offered the chance to transfer for...
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Accounting
Fred currently earns $9,000 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 $107,600. 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
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