US Citizen Barry Is a Bona Fide Resident of a Foreign

question 40

Multiple Choice

U.S. citizen Barry is a bona fide resident of a foreign country for all of 2018. Barry uses a calendar year as his tax year and receives $158,000 in salary and allowances from his employer. Included in the $158,000 is a $25,000 housing allowance. Barry's housing costs are $30,000. The base housing amount for the current year is $16,624. What amount related to his housing can Barry exclude on his Form 2555?

• A) $13,376
• B) $25,000
• C) $14,545
• D) $30,000

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Definitions:

Study Of Ethics

The systematic examination of moral values, principles, and problems to discern right from wrong.

Sensitivity

The capacity to understand and respect the feelings and needs of others; often considered a critical skill in interpersonal relationships.

Right And Wrong

Fundamental ethical categories that guide moral decisions, distinguishing between actions that are morally acceptable and those that are not.

Policing Policy

Refers to the principles and strategies adopted by law enforcement agencies to combat crime and ensure public safety.