NeNe is an accountant and a U.S. citizen who has accepted a permanent position in Madrid, Spain, for a Spanish financial services company. This year, NeNe spent the entire year working in Madrid. NeNe's employer paid $40,000 of her Madrid housing expenses this year. What amount of the $40,000 housing payments may NeNe exclude?
A. $14,826
B. $23,056
C. NeNe can exclude all of the housing payment because she worked more than 330 days overseas.
D. $16,944
E. None of her salary can be excluded from gross income.
Answer: A
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