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Mio was transferred from New York to Germany. He lived and worked in Germany for 340 days in 2016. Mio's salary for 2016 is $190,000. In your computation, round any division to four decimal places before converting to a percentage. For example, .473938 would be rounded to 47.39%.What is Mio's foreign earned income exclusion?

Respuesta :

Answer:

Mio's foreign earned income exclusion s $94,361

Explanation:

The foreign earned income exclusion limit for 2016 is $101,300

So, the foreign earned income exclusion based on days equals to

=  Foreign earned income exclusion limit × (2016 days ÷ total number of days in a year)

= $101,300 × (340 days ÷ 365 days)

= $94,361

We assume 365 days in a year as it is not given in the question

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