Perry, a U.S. citizen, is transferred by his employer to Japan for a three-year assignment. Which one of the following items is not excluded under Sec. 911?
A)base salary
B)cost-of-living allowance
C)housing costs
D)premiums paid on first $50,000 of group term life insurance

Question

Quizplus · Accepted Answer

Premiums paid on first $50,000 of group term life insurance are not excluded under Sec. 911, while base salary, cost-of-living allowance, and housing costs are all potentially excluded under the foreign earned income exclusion.