John Lawrence Bailey is employed in Country T by American Conglomerate Corporation. Bailey has resided with his wife and three children in Country T for seven years. He made one five-day business trip back to the United States in the current year, and $2,000 of his salary (but none of the allowances) is allocable to the U.S. business trip. Bailey reports the following tax-related information for the current year:

Complete a 2017 Form 2555 for the Baileys' current tax year. Assume Mr. Bailey established foreign residency in 2013, and all prior tax returns were filed with a Form 2555 claiming that Mr. Bailey was a bonafide foreign resident.

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Income: Base salary Overseas premium in addition to base salary Cost-of-living allowance Housing allowance Education allowance $100,000 15,000 37,500 30,000 16,000 11,000 25,000 Home leave travel allowance Income tax reimbursement from employer for preceding tax year Expenditures: Tuition at U.S. school Housing expenses (rental of home and related expenses) Itemized deductions (including $4,000 of unreimbursed employee Foreign income taxes 12,000 32,500 10,000 expenses) 12,000