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George is a U. S. citizen who is employed by Hawk Enterprises, a global company. Beginning on June 1, 2020, George began working in London (for a total of 214 days in 2020). He worked there until January 31, 2021, when he transferred to Paris. He worked in Paris the remainder of 2021. His salary for the first five months of 2020 was $100,000, and it was earned in the United States. His salary for the remainder of 2020 was $175,000, and it was earned in London. George's 2021 salary from Hawk was $300,000, with part being earned in London and part being earned in Paris.
Assume the 2021 indexed amount is the same as the 2020 indexed amount. Assume 366 days in 2020 (a leap year) and 365 days in 2021.
Carry any fractions out to four decimal places. Round your final answers to the nearest dollar.
b. Determine George's gross income in 2020 and 2021
2020 ?
2021 ?
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George is a U. S. citizen who is employed by Hawk Enterprises, a global company. Beginning on June 1...
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