Vincent is a writer and a U.S. citizen. After being out of work for the first half
Question:
Vincent is a writer and a U.S. citizen. After being out of work for the first half of the year, Vincent moved permanently to Ireland on July 4. He worked for an Irish magazine and earned $110,000 in salary from July 4th to December 31st. Earlier in April of this year Vincent received a $1,500 refund of the $3,600 in state income taxes his previous employer withheld from his pay last year. Vincent claimed $13,200 in itemized deductions last year (the standard deduction for a single filer was 12,400). Vincent wants to elect to use the foreign-earned income exclusion to the extent he is eligible. Calculate Vincent’s gross income for this year. (Round your final answer to the nearest whole dollar amount and assume there are 365 days in the year.)
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-1259692406
18th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello