Short Answer
Janet Mothra,a U.S.citizen,is employed by Caterpillar Corporation,a U.S.corporation.In May 2017,Caterpillar relocated Janet to its operations in Spain for the remainder of 2017.Janet was paid a salary of $200,000.As part of her compensation package for moving to Spain,Janet received a housing allowance of $40,000.Janet's salary was earned ratably over the twelve month period.During 2017 Janet worked 280 days,168 of which were in Spain and 112 of which were in the United States.How much of Janet's total compensation is treated as foreign source income for 2017?
Correct Answer:

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$160,000
Janet apportions 60% (168/280)o...View Answer
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Correct Answer:
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Janet apportions 60% (168/280)o...
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