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:

Physiological

Relating to the branch of biology that deals with the normal functions of living organisms and their parts.

Esteem

The regard in which an individual or entity is held by others, often reflecting respect, admiration, or importance.

Cognitive Component

Part of an attitude that consists of a person's knowledge and perception of the attributes of an object or concept.

Altering

The process of making changes to something, often to tailor or modify it to fit a particular need or requirement.