Mio was transfer from New York to Germany He lived and worke

Mio was transfer from New York to Germany. He lived and worked in Germany for 357 days in 2017. Mio\'s salary for 2017 is $200,000. In your computation, round any division to four decimal places before converting to a percentage. For example, .473938 would be rounded to .4739. If required, round your final answer to the nearest dollar. Mio\'s foreign earned income exclusion is $

Solution

The amount of foreign income that one can exclude is limited tohis/her annual maximum dollar amount limit or actual foreign wages, whichever is less.

The maximum dollar amount limit for 2017 is $102,100.

Since, the maximum dollar limit is less than the actual foreign wages (i.e., $200,000).

Therefore Mio\'s foreign earned income exclusion is $102,100.