Which of the Following Statements Regarding the Foreign Earned Income

question 79

Multiple Choice

Which of the following statements regarding the foreign earned income exclusion is false?

• A)Expatriates may not claim a foreign tax credit for foreign tax paid on excluded income.
• B)The exclusion is limited to an inflation-adjusted annual dollar amount.
• C)The exclusion is available to any U.S.citizen employed by a foreign company.
• D)The exclusion is available to any U.S.citizen working and residing in a foreign country.

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Definitions:

Standard Deviation

A statistical measure used to quantify the amount of variation or dispersion of a set of data values around the mean.

Standard Error

The standard deviation of the sample distribution of a statistic, commonly used in determining how well a sample represents a population.

Sampling Distribution

A distribution of probabilities for a statistic that is acquired by drawing numerous samples from a particular population.

Margin of Error

An expression of the amount of random sampling error in a survey's results, which indicates the precision of the estimates.