NeNe Is an Accountant and U

question 100

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) 16,208
• C) 23,792
• D) 14,182
• E) None of her salary can be excluded from gross income.

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Definitions:

Membrane

A selective barrier that allows the passage of certain substances while preventing others, commonly found in cells and organelles.

Organ

A group of tissues in a living organism that have been adapted to perform a specific function, such as the heart or liver.

Cavity

An empty or hollow space within the body or one of its organs, often referring to areas like the abdominal cavity.

Blood Vessels

Tubular structures in the body responsible for transporting blood to and from the heart and throughout the body, including arteries, veins, and capillaries.