Kerry is single. She works in France in 2022 and earns $100,000 as a salary. She was outside of the US for 365 days in 2022. She elects to exclude her foreign earnings from her income. How much can she exclude? She also earned $25,000 in interest income during the year. She has no itemized deductions. 

Assume the tax brackets in the US for single taxpayers are the following: 

$0-$45,000 - 10% $45,001 and greater - 25% How much tax will Kerry pay in 2022?

Answer rating: 100% (QA)

Since Kerry was outside the US for 365 days in 2022 and meets the ... View the full answer