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Business, 28.12.2020 17:30 neariah24

Wayne was a bona fide resident of Brazil for all of 2018 and 2019. He reports his income on the cash basis. In 2018, he was paid $88,900 for work he did in Brazil during that year. He excluded all of the $88,900 from his income in 2018. In 2019, Wayne was paid $117,300 for his work in Brazil. $18,800 was for work he did in 2018 and $98,500 was for work he did in 2019. What amount of the 2018 income received in 2019 can Wayne exclude from his 2019 income tax return

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Wayne was a bona fide resident of Brazil for all of 2018 and 2019. He reports his income on the cash...
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