Janet Mothra, a U

question 7

Essay

Janet Mothra, a U.S. citizen, is employed by Caterpillar Corporation, a U.S. corporation. In May 2020, Caterpillar relocated Janet to its operations in Spain for the remainder of 2020. Janet was paid a salary of $330,000. As part of her compensation package for moving to Spain, Janet received a housing allowance of $53,000. Janet's salary was earned ratably over the 12-month period. During 2020 Janet worked 280 days, 168 of which were in Spain and 112 of which were in the United States. How much of Janet's total compensation is treated as foreign source income for 2020?

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Definitions:

Speed Up Delivery

The process of increasing the speed at which goods are moved from the supplier to the customer in order to reduce lead times.

Delayed Order

A situation where a purchase request or delivery of goods is not fulfilled within the expected timeline.

Request for Proposal

A document issued by a company inviting suppliers or vendors to submit a proposal on a specific product or service requirement, detailing specifications and evaluation criteria.

Unambiguous Description

A clear and precise explanation or detail that leaves no room for confusion or misinterpretation.