Jeremy an american citizen earned 200000 during 2011 while, Ask an Expert

Accounting

Jeremy, an American citizen, earned $200,000 during 2011 while employed in Saudi Arabia. Jeremy is entitled to the maximum foreign-earned income exclusion. Jeremy also incurred $40,000 of deductible expenses attributed to the foreign-earned income. Jeremy may deduct how much in expenses?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9961499

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