Hank Is a U

question 103

Multiple Choice

Hank is a U.S. citizen and is doing a three to six year assignment as a sales executive in Paris for a French company, which began this year. Hank earned $109,500 working for the French company this year but only lived in France for 340 days (out of 365 days) . What amount of Hank's $109,500 salary this year will he be allowed to exclude from gross income in the U.S. (rounded to the nearest one-hundred dollars) ?

• A) Hank can exclude his entire salary because he worked more than 330 days overseas
• B) 102,000
• C) 92,400
• D) 99,200
• E) None of his salary can be excluded from gross income because Hank must reside overseas for the entire year

Comprehend how personal characteristics and the work environment influence employee behavior.

Recognize the impact of scientific management and human relations movement on the workplace.

Understand the role of informal networks within organizations as per Hawthorne studies.

Appreciate the benefits of total person development for both employees and organizations.

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Definitions:

Labor Markets

Marketplaces where employers find workers and workers find jobs, characterized by the supply and demand for labor.

Mechanism Design

A field in economics and game theory that explores how economic institutions or mechanisms can be designed to achieve desired objectives, given individual incentives and information constraints.

Asymmetric Information

A situation where one party in a transaction has more or better information than the other, leading to potential imbalances and unfair advantages.

Align Interests

The process of adjusting and coordinating the preferences, incentives, or goals of different parties to achieve mutual understanding or benefit.