Jan has been assigned to the Rome office of ABC Corporation. She arrives in Rome on November 1, 2018 and does not return to the United States until March 5, 2020. During her stay in Rome, Jan earned $112,000 in 2019. Jan may exclude Group of answer choices

Question

Business

Cassius Hurley

27 October, 16:25

Jan has been assigned to the Rome office of ABC Corporation. She arrives in Rome on November 1, 2018 and does not return to the United States until March 5, 2020. During her stay in Rome, Jan earned $112,000 in 2019. Jan may exclude Group of answer choices

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Answers (1)

Know the Answer?

Alma Dickson · Answer 1

Jan can exclude $105,900 from her 2019 income in Rome.

Explanation:

There are certain criteria that is required for exclusion of foreign income.

As a United States citizen that was physically present in a foreign country (Rome) for at least 330 days during the period of 12 consecutive months, Jan is entitled to exclude $105,900 for 2019