Paraphrasing Tool

MyCalStateLA $-$ H$...$

ZeroGPT $-$ Chat G$...$

BUS $3050-06(90...$

Word $|$ Microsoft $3...$

$($C$)$ Al Content De

$6$

eBook

Exercise $5-22($Algorithmic$)($L$0\mathrm{.}2)$

Mio was transferred from New York to Germany. He lived and worked in Germany for $359$ days in $2023$ and can show that his tax home is now Germany. Mio's salary for $2023$ is $$265,600.$

Assume a $365-$day year. In your computation, round any division to four decimal places before converting to a percentage. For example, $0\mathrm{.}473938$ would be rounded to $0\mathrm{.}4739$ and converted to $47\mathrm{.}39\%.$ If required, round your final answer to the nearest dollar.

What is Mio's foreign earned income exclusion?

Feedback

Check My Work

The United States uses a global tax system as opposed to a territorial system. Under this global system, a U$.$S$.$ citizen is generally subject to tax on his or her income regardless of its economic origin.

Previous

Next

Submit Assignment for Gradin