AAFM Exam CTEP Topic 4 Question 39 Discussion

Actual exam question for AAFM's CTEP exam

Question #: 39
Topic #: 4

[All CTEP Questions]

US citizens or permanent resident who has established a foreign tax home and has met certain qualifications can elect to exclude annual foreign earned income up to _________from taxable income in 2013.

A$95,000

B$97,600

C$98,000

D$98,600

Show Suggested Answer

Suggested Answer: B

by Janae at May 01, 2024, 05:46 AM

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Jesusa

3 days ago

$95,000? That's a bit low, don't you think? I'm leaning towards C) $98,000.

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Latosha

6 days ago

Hmm, I thought it was $98,600 for 2013. I better double-check my tax code.

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Oneida

10 days ago

Ah, the elusive foreign tax home exclusion. This is a tricky one, but I'm pretty sure the answer is B) $97,600.

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Tran

17 days ago

I'm not sure, but I think it might be C) $98,000. It's a close call.

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Dong

21 days ago

I agree with Mi, because that amount seems reasonable for exclusion.

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Mi

24 days ago

I think the answer is B) $97,600.

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