Question: Detailed explanation so I can fully understand please Foreign Earned Income Exclusion. (Obj. 1) From March 9, 2015 until August 14, 2016 Eva is sent
Foreign Earned Income Exclusion. (Obj. 1) From March 9, 2015 until August 14, 2016 Eva is sent to London, England on a temporary work assignment. Eva's salary during 2015 is $100,000, of which $84,000 is earned while working in London. Her salary during 2016 (a leap year) is $125,000, of which $77,000 is earned while working in London. How much of Eva's salary is taxed in 2015 and 2016? Assume the maximum foreign earned income exclusion for 2016 remains at $100,800. Besides taking the exclusion for foreign earned income, what other options are available to Eva
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
