14. Mio was transferred from New York to Germany. He lived and worked in Germany for 340 days in 2022. Mio's salary for 2022 is $190,000. Assume a 365-day year. In your computation, round any division to four decimal places before converting to a percentage. For example, 0.473938 would be rounded to 0.4739. If required, round your final answer to the nearest dollar. What is Mio's foreign earned income exclusion?
14. Mio was transferred from New York to Germany. He lived and worked in Germany for 340 days in 2022. Mio's salary for 2022 is $190,000. Assume a 365-day year. In your computation, round any division to four decimal places before converting to a percentage. For example, 0.473938 would be rounded to 0.4739. If required, round your final answer to the nearest dollar. What is Mio's 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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14. Mio was transferred from New York to Germany. He lived and worked in Germany for 340 days in 2022. Mio's salary for 2022 is $190,000.
Assume a 365-day year. In your computation, round any division to four decimal places before converting to a percentage. For example, 0.473938 would be rounded to 0.4739. If required, round your final answer to the nearest dollar.
What is Mio's foreign earned income exclusion?
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