13-13 Foreign Income Exclusions. J worked in Canada from August 1, 2020, through September 30, 2021. During 2021 her salary from work in Canada was $60,000 (in U.S. dollars), and her salary from work in the United States after she returned was $10,000. a) Calculate J's foreign earned income exclusion. b) Assume J earned $90,000 in Canada. What is her foreign earned income exclusion?

13-13 Foreign Income Exclusions. J worked in Canada from August 1, 2020, through September 30, 2021. During 2021 her salary from work in Canada was $60,000 (in U.S. dollars), and her salary from work in the United States after she returned was $10,000. a) Calculate J's foreign earned income exclusion. b) Assume J earned $90,000 in Canada. What is her foreign earned income exclusion?

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter11: Individuals As Employees And Proprietors

Section: Chapter Questions

Problem 24P

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