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

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Accounting

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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 $12,000 per month if he accepts the assignment. Assume that the maximum foreign-earned income exclusion for next year is $120,000.
c-2. If Fred's employer also provides him free housing abroad (cost of $20,000 next year), how much of the $20,000 is excludable from Fred's income? Assume that Fred will be abroad for 305 days out of 365 days next year.
Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.
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