NeNe Is an Accountant and U

question 98

Multiple Choice

NeNe is an accountant and U.S.citizen,who has accepted a permanent position in Madrid,Spain for a Spanish financial services company.This year,NeNe spent the entire year working in Madrid.NeNe's employer paid $40,000 of her Madrid housing expenses this year.What amount of the $40,000 housing payments may NeNe exclude?

• A)NeNe can exclude all of the housing payment because she worked more than 330 days overseas
• B)$16,624
• C)$23,376
• D)$14,546
• E)None of her salary can be excluded from gross income.

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Definitions:

Shared Threat

A danger or threat that affects multiple individuals or groups, leading to a potential for collective response or action.

Conciliation

Process whereby groups make cooperative gestures to one another in the hope of avoiding an escalation of conflict.

Arbitration

Process of intergroup conflict resolution in which a neutral third party is invited to impose a mutually binding settlement.

Bargaining

Process of intergroup conflict resolution where representatives reach agreement through direct negotiation.