I. Jane, a single US citizen, has taxable income of 240,000, 60,000 of which was earned...

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I. Jane, a single US citizen, has taxable income of 240,000, 60,000 of which was earned in France. She paid French income taxes of 25,000 on that income. Compute her 2021 US tax after credits (ignore the alternative minimum tax). I. Jane, a single US citizen, has taxable income of 240,000, 60,000 of which was earned in France. She paid French income taxes of 25,000 on that income. Compute her 2021 US tax after credits (ignore the alternative minimum tax).

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Janes 2021 US Tax After Credits Step 1 Foreign Earned Income Exclusion The US allows its citizens working abroad to exclude a portion of their income ... View the full answer