Allen is an employee of the foreign subsidiary of a United States based company who lives and works in the United Kingdom. According to FATCA, how much of his wages may Allen exclude from United States' taxes, according to 2016 guidelines?
A) $46,500
B) $79,850
C) $101,300
D) None

Question

Quizplus · Accepted Answer

According to the 2016 guidelines under the Foreign Earned Income Exclusion (FEIE), Allen can exclude up to $101,300 of his foreign earned income from U.S. taxes.

Allen Is an Employee of the Foreign Subsidiary of a United