Question: Show me the steps to solve Fred currently earns $ 1 0 , 6 0 0 per month. Fred has been offered the chance to

Show me the steps to solve
Fred currently earns $10,600 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 $13,600 per month if he accepts the assignment. Assume that the maximum foreign-earned income exclusion for next year is $126,500.
Problem 5-62 Part c-1(Algo)
c-1. Suppose that Fred's employer offers Fred a permanent overseas assignment beginning on March 1 of next year. How much U.S. gross income will Fred report next year if he accepts the permanent assignment abroad? Assume that Fred will be abroad for 305 days out of 365 days next year.
c-2. If Fred's employer also provides him free housing abroad (cost of $20,800 next year), how much of the $20,800 is excludable from Fred's income? Assume that Fred will be abroad for 305 days out of 365 days next year.

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