Vincent is a writer and a U.S. citizen. After being out of work for the first half of the year, Vincent moved permanently to Ireland on July 4. He worked for an Irish magazine and earned $110,000 in salary from July4th to December 31st. Earlier in April of this year Vincent received a $1,500 refund of the $3,600 in state income taxes his previous employer withheld from his pay last year. Vincent claimed $13,000 in itemized deductions last year (the standard deduction for a single filer was 12,200). Vincent wants to elect to use the foreign-earned income exclusion to the extent he is eligible. Calculate Vincent's gross income for this year. (Round your final answer to the nearest whole dollar amount and assume there are 365 days in the year.)
Correct Answer:
Verified
$107...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q142: Robert will be working overseas on a
Q143: Caroline is retired and receives income from
Q144: Andres has received the following benefits this
Q145: Simon was awarded a scholarship to attend
Q146: Lisa and Collin are married. Lisa works
Q147: Teresa was married on November 1 of
Q148: Lisa and Collin are married. Lisa works
Q149: Andres has received the following benefits this
Q151: Alex is 63 years old and retired.
Q152: This year Joseph joined the board of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents