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Pete is an executive with Boeing, Inc. He accepted an assignment as President of Boeing's Pacific Operations, stationed in Tokyo. He arrived in Tokyo on June 30, 2013. Due to a family emergency, Pete had to return to the U.S. for an extended period of time. He traveled to the U.S. on November 1, 2013, and returned to Tokyo on December 15, 2013. After this absence, he was continuously present in Japan until he returned to the U.S. on January 1, 2015. His salary in 2013 was $350,000. What is Pete's gross income for calendar year 2013?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M948090

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