Bob spent the entire 2019 year in Tokyo. His annual salary was $90,000 and he paid $30,000 rent. What is the highest amount of foreign earned income and foreign housing expenses Bob can exclude?

Fred currently earns $10,400 per month. Fred has been offered the chance to transfer for three to five years to an overseas affiliate. His employer is willing to pay Fred $11,400 per month if he accepts the assignment. Assume that the maximum foreign-earned income exclusion for next year is $112,000. - If Fred’s employer also provided him free housing abroad (cost of $21,400), how much of the $21,400 is excludable from Fred’s income?

Fred currently earns $10,700 per month. Fred has been offered the chance to transfer for three to five years to an overseas affiliate. His employer is willing to pay Fred $13,700 per month if he accepts the assignment. Assume that the maximum foreign-earned income exclusion for next year is $120,000. c-2. If Fred's employer also provides him free housing abroad (cost of $20,850 next year), how much of the $20,850 is excludable from Fred's income? Assume that Fred will be abroad for 305 days out of 365 days next year. Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.

Frank moved to Canada from Germany on February 20, 2020. Which of the following accurately describes Frank's tax status for 2020?| (a) Frank will be taxed in Canada on all his worldwide income earned in 2020 because the time he spent in Canada exceeds 183 days. (b) Frank will be taxed in Canada on all his worldwide income earned in 2020, multiplied by the number of days spent in Canada and divided by 365. (c) Frank will be taxed in Canada on all his worldwide income earned from February 20, 2020 to December 31, 2020, except for gains or losses on the sale of capital property owned prior to entering Canada. (d) Frank will be taxed in Canada on all his worldwide income earned from February 20, 2020 to December 31, 2020.

Christina, a 50-year-old American, is married to a Singaporean, and the couple has 2 children who are Singapore citizens. The eldest is studying at an overseas university while the younger child is attending school in Singapore. For the year 2021, Christina earned the following employment income: (i)     Salary of $236,000(ii)    Bonus of $34,000(iii)  Net rental income of $10,800 What is her total the child relief claim (QCR and WMCR) for the Year of Assessment 2022?

Fred currently earns $10,100 per month. Fred has been offered the chance to transfer for three to five years to an overseas affiliate. His employer is willing to pay Fred $11,100 per month if he accepts the assignment. Assume that the maximum foreign-earned income exclusion for next year is $112,000. Required: a-1. How much U.S. gross income will Fred report if he accepts the assignment abroad on January 1 of next year and works overseas for the entire year? a-2. If Fred's employer also provides him free housing abroad (cost of $21,100), how much of the $21,100 is excludable from Fred's income? b. Suppose that Fred's employer has offered Fred a six-month overseas assignment beginning on January 1 of next year. How much U.S. gross income will Fred report next year if he accepts the six-month assignment abroad and returns home on July 1 of next year? c-1. Suppose that Fred's employer offers Fred a permanent overseas assignment beginning on March 1 of next year. How much U.S. gross income…

In 2022, Zach is single with no dependents. He is not claimed as a dependent on another's return. All of his income is from salary, and he does not have any for AGI deductions. What is his earned income credit in 2022 in the following alternative scenarios? Use Exhibit 8-11. Note: Round your intermediate and final answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable. Required: a. Zach is 29 years old, and his AGI is $5,000. b. Zach is 29 years old, and his AGI is $10,000. c. Zach is 29 years old, and his AGI is $19,000. d. Zach is 17 years old, and his AGI is $5,000.

Rex, a Filipino residing in Laguna, has the following income for 2021: Compute the income subject to regular income tax he has stayed abroad from March 15, 2020 to August 31, 2021.

Fred currently earns $10,400 per month. Fred has been offered the chance to transfer for three to five years to an overseas affiliate. His employer is willing to pay Fred $11,400 per month if he accepts the assignment. Assume that the maximum foreign-earned income exclusion for next year is $112,000. -how much U.S gross income will Fred report if he accepts the assignment abroad on January 1 of next year and works overseas for the entire year?

Jason is an Australian tax resident and for the financial year 2019-20, has taxable income of $ 61,000 and reportable super contribution of $ 3,500. Jason also has a Study and Training Support loan (HELP-HECS) from undertaking a University degree. What is Jason's compulsory rate of repayment on this loan?