Hank Is a U

question 122

Multiple Choice

Hank is a U.S. citizen and is doing a three to six-year assignment as a sales executive in Paris for a French company, which began this year. Hank earned $109,500 working for the French company this year but only lived in France for 180 days (out of 365 days) . He will live full-time in France next year. What amount of Hank's $109,500 salary this year will he be allowed to exclude from gross income in the U.S? (Round your answer to the nearest one-hundred dollars) .

• A) Hank can exclude his entire salary because he worked more than 330 days overseas.
• B) 50,351.
• C) 102,100.
• D) 102,000.
• E) None of his salary can be excluded from gross income because Hank must reside overseas for the entire year.

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Definitions:

Quality Cost Report

A document that summarizes the costs associated with preventing, detecting, and correcting defective work, typically classified into prevention, appraisal, and failure costs.

Warranty Period

The specified time period during which a manufacturer or seller is obligated to repair or replace a product if it has defects.

Appraisal Cost

Expenses related to the evaluation and inspection of materials and products to ensure quality standards are met.

Quality Cost Report

A document summarizing the costs associated with ensuring quality in products, including prevention, appraisal, and failure costs.