Required information

Problem $5-62($LO $5-3)($Algo$)$

$[$The following information applies to the questions displayed below.$]$

Fred currently earns $$9,400$ per month. Fred has been offered the chance to transfer for three to five years to an overseas affiliate. His employer is willing to pay Fred $$12,400$ per month if he accepts the assignment. Assume that the maximum foreign$-$earned income exclusion for next year is $$120,000.$

Problem $5-62$ Part c$-2($Algo$)$

c$-2.$ If Fred's employer also provides him free housing abroad $($cost of $$20,200$ next year$),$ how much of the $$20,200$ is excludable from Fred's income? Assume that Fred will be abroad for $305$ days out of $365$ days next year.

Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.

Amount to be excluded