Multiple Choice
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) $51,200
D) $103,900.
E) None of his salary can be excluded from gross income because Hank must reside overseas for the entire year.
Correct Answer:
Verified
Correct Answer:
Verified
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