Problem 11-24 (LO. 2)

George is a U.S. citizen who is employed by Hawk Enterprises, a global company. Beginning on June 1, 2018, George began working in London (for a total of 214 days in 2018). He worked there until January 31, 2019, when he transferred to Paris. He worked in Paris the remainder of 2019. His salary for the first five months of 2018 was $100,000, and it was earned in the United States. His salary for the remainder of 2018 was $175,000, and it was earned in London. George's 2019 salary from Hawk was $300,000, with part being earned in London and part being earned in Paris.

Assume the 2019 indexed amount is the same as the 2018 indexed amount. Assume 365 days in a year.

a. Is George eligible for the foreign income exclusion for 2018? Yes

b. Is George eligible for the foreign income exclusion for 2019? Yes

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Carry any fractions out to four decimal places. Round your final answers to the nearest dollar.

c. George's gross income for 2018 is $.?

d. George's gross income for 2019 is $.?