-7900 a month income w/flight pay:tax free
-3900 housing allowance
-About a 1000 dollar a month education allowance.
-All utilities except internet paid for
-about 2000 a month in profit sharing
-42 days of vacation a year
-Annual leave PS ticket for you and your family anywhere EK flies
-15% in to a retirement fund.
That equates to 14800 a month all tax free.
Tax free only if you are physically on foreign soil for at least 330 days of the year....42 days of vacation, what a deal. One second under the 330 days - no Foreign Earned Income Exclusion.
Foreign Earned Income Exclusion - Physical Presence Test
330 Full Days
Generally, to meet the physical presence test, you must be physically present in a foreign country or countries for at least 330 full days during the 12-month period. You can count days you spent abroad for any reason. You do not have to be in a foreign country only for employment purposes. You can be on vacation time.
You do not meet the physical presence test if illness, family problems, a vacation, or your employer's orders cause you to be present for less than the required amount of time. Also, if you are present in a foreign country in violation of U.S. law, you will not be treated as physically present in a foreign country while you were in violation of the law. Income that you earn from source within such a country for services performed during a period of violation does not qualify as foreign earned income.
However, the minimum time requirement can be waived if you must leave a foreign country because of war, civil unrest, or similar adverse conditions in that country. You must be able to show that you reasonably could have expected to meet the minimum time requirements if not for the adverse conditions, and that you had a tax home in the foreign country and were a bona fide resident of, or physically present in, the foreign country on or before the beginning date of the waiver.
Full Day
A full day is a period of 24 consecutive hours, beginning at midnight. You must spend each of the 330 full days in a foreign country. When you leave the United States to go directly to a foreign country or when you return directly to the United States from a foreign country,
the time you spend on or over international waters does not count toward the 330-day total.