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1.5 Question 55 Allen is an employee of the foreign subsidiary of a United States based company who lives and works in the Un
Question 57 1.5 p When developing the internal controls and record retention for a payroll system, a company should: O Develo
Allen is an employee of the foreign subsidiary of a United States based company who lives and works in the United Kingdom. Ac
IRS Regulation 26 CFR 1.6001 mandates -------- procedures as they pertain to payroll records, noting that it is the responsib
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Answer #1

Based on the information available in the question, we can answer as follows:-

Question 1:-

FATCA requires US Taxpayers to submit certain forms in order to comply with the terms of the Act.

According to FATCA, the amount that Allen may exclude from his income per the 2019 guidelines is Option D - $105,900.

Option A, Option B and Option C are incorrect as they are incorrect amounts/exclusions per FATCA.

Kindly note that i have answered the first question per the Chegg answering guidelines. Request you to post the remaining question separately so that we can answer them as well. All the best and please let me know if you have any questions via the comments section .

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