Vincent Is a Writer and a U

question 87

Essay

Vincent is a writer and a U.S. citizen. After being out of work for the first half of the year, Vincent moved permanently to Ireland on July 4. He worked for an Irish magazine and earned $110,000 in salary from July4^th to December 31^st. Earlier in April of this year Vincent received a $1,500 refund of the $3,600 in state income taxes his previous employer withheld from his pay last year. Vincent claimed $13,000 in itemized deductions last year (the standard deduction for a single filer was 12,200). Vincent wants to elect to use the foreign-earned income exclusion to the extent he is eligible. Calculate Vincent's gross income for this year. (Round your final answer to the nearest whole dollar amount and assume there are 365 days in the year.)

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Definitions:

Debt Utilization Ratios

Ratios that measure how much debt an organization is using relative to other sources of capital, such as owners’ equity.