Question: Exercise 11-2 (Algorithmic) (LO. 2) Mlo was transferred from New York to Germany. He lived and worked in Germany For 345 days in 2020. Mio's
Exercise 11-2 (Algorithmic) (LO. 2) Mlo was transferred from New York to Germany. He lived and worked in Germany For 345 days in 2020. Mio's salary for 2020 is $214,400. Assume a 366-day year. In your computation, round any division to four decimal places before converting to a percentage For example, 0.473938 would be rounded to 0.4739 and converted to 47.39%. If required, round your final answer to the nearest dollar. What is Mio's foreign earned Income exclusion? Hint: Calendar year 2020 is a leap year, 202,093 x
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