Answer:
The answer is: E) None of his salary can be excluded from gross income because Hank must reside overseas for the entire year
Explanation:
According to the IRS's Foreign Earned Income Exclusion (and Requirements) a US citizen can claim up to $105,900 (in 2019) of his gross income to be excluded from gross income in the US only if that person resided in the foreign country for at least 330 days in the last year.
:0
yas I will vote him!
lol
wait..no! He will just take our money. My answer is a maybe.
Answer:
As the price level rises, the purchasing power of households' real wealth will <u>fall</u>, causing the quantity of output demand to <u>fall.</u> This phenomenon is known as the <u>wealth</u> effect.
Additionally, as the price level rises, the impact on the domestic interest rate will cause the real value of the dollar to <u>rise</u> in foreign exchange markets. The number of domestic products purchased by foreign (exports) will therefore <u>fall</u>, and the number of foreign products purchases by domestic consumers and firms(imports) will <u>rise</u>.
Net exports will therefore <u>fall</u>, causing the quantity of domestic output demanded to <u>fall.</u> This phenomenon is known as the <u>exchange rate</u> effect.
Answer:this is the correct answer
Explanation:
Answer: customer's beginning tax basis = $10,000
Explanation:
Customer's beginning tax basis are the initial cost of the partnership for commission legal and organizational fees and these are not deductible from the cost basis.
Given: A customer subscribes to a $10,000 limited partnership interest.
That means initial cost = $10,000
So, the customer's beginning tax basis = $10,000
