Hank is a U. S. citizen and is doing a three to six-year assignment as a sales executive in Paris for a French company, which began this year. Hank earned $109,500 working for the French company this year but only lived in France for 180 days (out of 365 days). He will live full-time in France next year. What amount of Hank's $109,500 salary this year will he be allowed to exclude from gross income in the U. S. (rounded to the nearest one-hundred dollars) ?
A. Hank can exclude his entire salary because he worked more than 330 days overseas
B. 102,000
C. 92,400
D. 99,200
E. None of his salary can be excluded from gross income because Hank must reside overseas for the entire year
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Hank is a U. S. citizen and is doing a three to six-year assignment as a sales executive in Paris for a French company, which began this ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Martin wrote Dall and offered to sell Dall a building for $200,000. he offer stated it would expire 30 days from April 1. Martin Changed his mind and does not wish to be bound by this offer.
Answers (1)
Stormie Zanzibar owns a bakery in the fictitious country of Olombia. Each month the government's market ministry mails her a large list of the regulated price of goods which include products like bread, muffins and flat bread.
Answers (1)
Select the correct answer, then click on Check. Statement: "This is Unit 1, we have a 10-37, Code 2." Does this statement comply with the NIMS Management Characteristic of common terminology?
Answers (1)
Business communication that is interactive, conversational, and open to those who wish to join follows which type of communication model?
Answers (1)
Baird Corporation began fiscal Year 2 with the following balances in its inventory accounts. Raw Materials $ 55,900 Work in Process 82,500 Finished Goods 27,300 During the accounting period, Baird purchased $238,700 of raw materials and issued
Answers (1)
New Questions in Business
Why are imports considered as a leakage factor? A. Imports do not generate domestic income. B. Domestic industry loses ground as imports increase. C. Imports are taxed heavily, which is a secondary leakage factor. D.
Answers (1)
The primary way to determine whether an idea constitutes "common knowledge" is: whether there is an expectation that the readers and the author would be very familiar with the material. whether the material appears in an encyclopedia.
Answers (1)
Dave has arranged a catered lunch for his team members to celebrate the completion of their work so they can see one another for a final time before being assigned to new teams. Dave's team is now in which stage of team development?
Answers (1)
Contributions to a Coverdell Education Savings Account must cease when the beneficiary reaches the age of: A 16 B 18 C 21 D 30
Answers (1)
How do i know what business i am suited for
Answers (1)