Which of the following statements regarding the foreign earned income exclusion isĀ false?

A. The exclusion is available to any U.S. citizen employed by a foreign company.
B. The exclusion is available to any U.S. citizen working and residing in a foreign country.
C. The exclusion is limited to an inflation-adjusted annual dollar amount.
D. Expatriates may not claim a foreign tax credit for foreign tax paid on excluded income.


Answer: A

Business

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