A Taxpayer Who Is a Bona Fide Resident of a Foreign

question 51

Multiple Choice

A taxpayer who is a bona fide resident of a foreign country for an entire tax year may:

• A)Exclude up to $97,600 of earned income from gross income.
• B)Take a foreign tax credit for foreign taxes paid on the foreign income.
• C)Take a deduction for foreign taxes paid on foreign income.
• D)Select any one of the above alternatives.

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Definitions:

Pectoralis Minor

A thin, triangular muscle located beneath the pectoralis major in the chest, which aids in movements of the shoulder.

Spinous Processes

Projections of the vertebrae that point backward and downward, serving as attachment points for muscles and ligaments.

Vertebrae

The individual bones that make up the vertebral column, providing structural support and protecting the spinal cord.

Levator Scapulae

A skeletal muscle situated at the back and side of the neck, its primary function is to elevate the scapula.