Identify Which of the Following Statements Is True

question 66

Multiple Choice

Identify which of the following statements is true.

• A) An individual, who is a bona fide resident of a foreign country for at least one full tax year, can claim the foreign- earned income exclusion for all days on which he/she is a resident of the foreign country and physically present in that country.
• B) Fringe benefits that are excluded from gross income under a Code Section other than Sec. 911 reduce the annual dollar ceiling for the foreign income exclusion.
• C) An individual who is physically present in a foreign country for 330 full days out of a 12- month period can claim the foreign- earned income exclusion only for the days in the 12- month period he/she is physically present in a foreign country.
• D) All of the above are false.

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Definitions:

Exploration

The act of searching or traveling for the purpose of discovery and learning.

Confidentiality

The ethical and legal duty of professionals to protect personal and sensitive information disclosed within a professional relationship from unauthorized disclosure.

Information Sharing

The exchange of data, knowledge, or information between individuals, organizations, or systems, facilitating communication and decision-making.

Nonjudgmental

An attitude or approach that does not express criticism or evaluation of others.