NeNe is an accountant who works for a multinational firm this year and spent the entire year working overseas.NeNe's employer paid $40,000 of her overseas housing expenses this year.What amount of the $40,000 housing payments may NeNe exclude?
A) NeNe can exclude all of the housing payment because she worked more than 330 days overseas
B) 15,616
C) 24,384
D) 13,664
E) None of her salary can be excluded from gross income because NeNe must reside overseas for two consecutive years to receive an exclusion.
Correct Answer:
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