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 2019 guidelines?
A)$46,500
B)$79,850
C)$105,900
D)None

Question

Quizplus · Accepted Answer

According to the Foreign Earned Income Exclusion (FEIE) under the Foreign Account Tax Compliance Act (FATCA) for the year 2019, Allen can exclude up to $105,900 of his foreign earned income from U.S. taxes.

Allen Is an Employee of the Foreign Subsidiary of a United