Multiple Choice
Sara, a cash-basis, calendar-year taxpayer, worked overseas for the past three years and is eligible for the foreign earned income exclusion for the income earned from January 1 through January 31, 2018 before she returned to the United States. She was paid $30,000 including bonuses for this month's work but she did not have to pay any foreign taxes on this income. The maximum foreign earned income exclusion for 2018 is $103,900. What is her foreign earned income exclusion for 2018?
A) She has no exclusion, as she paid no foreign taxes.
B) $8,824
C) $30,000
D) $103,900
Correct Answer:
Verified
Correct Answer:
Verified
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