Allen Is an Employee of the Foreign Subsidiary of a United

question 43

Multiple Choice

Allen is an employee of the foreign subsidiary of a United States based company who lives and work in the United Kingdom.According to FATCA,how much of his wages may Allen exclude from United States' taxes,according to 2016 guidelines?

• A) $46,500
• B) $79,850
• C) $101,300

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Definitions:

Financial Functions

Specific mathematical formulas used in spreadsheets or financial software to perform calculations related to finance, such as interest rates, payments, and investment returns.

FV

Future Value, a finance function that calculates the future value of an investment based on a constant interest rate and fixed payments over time.

PMT

A financial function that calculates the payment for a loan based on constant payments and a constant interest rate.

Text Functions

Features or commands in software that allow manipulation and formatting of text, such as changing case or concatenating strings.