Question: Print Item Exercise 11-2 (Algorithmic) (LO. 2) Mlo was transferred from New York to Germany. He lived and worked in Germany for 353 days in
Print Item Exercise 11-2 (Algorithmic) (LO. 2) Mlo was transferred from New York to Germany. He lived and worked in Germany for 353 days in 2019. Mio's salary for 2019 is $240,000. Assume a 365-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. If required, round your final answer to the nearest dollar. What is Mio's foreign earned Income exclusion? 102,418.36 X Feedback Check My Work is generally subject to The United States uses a global tax system as opposed to a territorial system. Under this global system, a U.S. et on his or her income regardless of its economic origin
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