Jeremy,an American Citizen,earned $200,000 During 2017 While Employed in Switzerland

question 71

Multiple Choice

Jeremy,an American citizen,earned $200,000 during 2017 while employed in Switzerland.Jeremy is entitled to the maximum foreign-earned income exclusion.Jeremy also incurred $40,000 of deductible expenses attributable to the foreign-earned income.Jeremy may deduct how much in expenses?

• A)$0
• B)$20,420
• C)$19,580
• D)$40,000

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Definitions:

Predictable Situations

Circumstances or events that can be anticipated or foreseen based on past experiences, patterns, or identifiable cues.

Uncertainty And Ambiguity

Conditions in which information is incomplete, unknown, or unclear, making decision-making and prediction challenging.

Respond Well

The ability to react positively and effectively to a situation or information.

Individual Resistance

Opposition or pushback by a person against changes or policies within an organization or group.