Allen is an employee of the foreign subsidiary of a United States based company who lives and work in the United Kingdom.According to FATCA,how much of his wages may Allen exclude from United States' taxes,according to 2015 guidelines?
A) None
B) $46,500
C) $79,850
D) $100,800

Question

Quizplus · Accepted Answer

According to the 2015 guidelines under the Foreign Earned Income Exclusion (FEIE) provision of the United States tax code, Allen can exclude up to $100,800 of his foreign earned income from U.S. taxes.

Allen Is an Employee of the Foreign Subsidiary of a United