Jan has been assigned to the Rome office of ABC Corporation.She arrives in Rome on November 1,2014 and does not return to the U.S.until March 5,2017.During her stay in Rome,Jan earned $112,000 in 2016.Jan may exclude

Question

Quizplus · Accepted Answer

Jan meets both the physical presence test and the bona fide residence test for the foreign earned income exclusion. Therefore, she can exclude up to the maximum limit allowed ($101,300 in 2016). Choices A, B, and D are not correct as they are either 0 or over the maximum limit.

Jan Has Been Assigned to the Rome Office of ABC