US Citizen Barry Is a Bona Fide Resident of a Foreign

question 4

Multiple Choice

U.S. citizen Barry is a bona fide resident of a foreign country for all of 2020. 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 $17,216. What amount related to his housing can Barry exclude on his Form 2555?

• A)$12,784
• B)$25,000
• C)$30,000
• D)$14,545

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Definitions:

Marketing Research Approach

A systematic method that involves collecting and analyzing data to understand market trends, customer preferences, and product potential.

Data Mining

The process of analyzing large sets of data to discover patterns, trends, and relationships that can inform decision-making and strategic planning.

Marketing Driver

A factor or a set of factors that influences the demand for a product or service.