Exercise 11-2 (Algorithmic) (LO. 2) Mio was transferred from New York to Germany. He lived and worked in Germany for 347 days in 2021. Mio's salary for 2021 is $212,800. Assume a 365-day year. In your computation, round any division to four decimal places before converting to a percentage. For example, 0.473938 would be rounded to 0.4739 and converted to 47.39%. If required, round your final answer to the nearest dollar. What is Mio's foreign earned income exclusion? 103,330.22 X

Exercise 11-2 (Algorithmic) (LO. 2) Mio was transferred from New York to Germany. He lived and worked in Germany for 347 days in 2021. Mio's salary for 2021 is $212,800. Assume a 365-day year. In your computation, round any division to four decimal places before converting to a percentage. For example, 0.473938 would be rounded to 0.4739 and converted to 47.39%. If required, round your final answer to the nearest dollar. What is Mio's foreign earned income exclusion? 103,330.22 X

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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