Even if the Foreign Earned Income Exclusion (FEIE) excludes all your income, self-employed taxpayers must still payself-employment taxon their net business income. This is because the FEIE only exempts foreign earned income from income tax. It does not exempt self-employment taxes, which fund So...
Does an income account have a normal debit or credit balance? The normal balance for a contra-asset account would be which of the following? a. a credit b. a debit c. sometimes a debit and sometimes a credit d. never a debit and never a credit Are Acco...