Helen is a CPA and will spend this entire year in an overseas office of her firm.Helen's salary of $110,000 is subject to the income tax of the foreign country.How much of her salary will she be allowed to exclude from gross income in the U.S.?

Question

Quizplus · Accepted Answer

For 2023, the foreign earned income exclusion limit is $120,000. Helen can exclude up to this amount from her U.S. gross income, but since her salary is $110,000, she can exclude the full amount of $97,600.

Helen Is a CPA and Will Spend This Entire Year