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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Adell

1 months ago

Ah, the joys of tax law. At least the options are easy to remember - A, B, C, or D. No trick questions here!

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Rebbecca

2 months ago

This question is a real brain-teaser. I'm going to have to consult my magic 8-ball on this one.

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Magda

8 days ago

I believe it's D) $98,600.

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Gerald

12 days ago

I'm not sure, maybe it's C) $98,000?

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Ligia

23 days ago

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

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Jesusa

2 months ago

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

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Kati

22 days ago

I'm going with C) $98,000 as well. It seems like a reasonable choice.

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Ahmad

27 days ago

I believe it's D) $98,600. That seems like the right amount to exclude.

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Brynn

1 months ago

I'm not sure, but I think it's either B) $97,600 or C) $98,000.

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Carlota

2 months ago

I agree, $95,000 does seem low. I think C) $98,000 is a better choice.

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Latosha

2 months ago

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

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Oneida

2 months 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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Tanja

1 months ago

I remember studying this, and I agree with you, it's B) $97,600.

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Catina

1 months ago

I think you're right, it's B) $97,600.

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Tran

2 months ago

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

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Dong

3 months ago

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

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Mi

3 months ago

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

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