Poalo, a U.S. citizen living in Rome, Italy, for the last two and one half years, earns a salary of $140,000 in 2020. Poalo's housing costs are $26,000 per year, which is reasonable. How much can Poalo exclude from income? (LABEL AND SHOW ALL WORK AND CALCULATIONS)
A) $104,100
B) $112,444
C) $116,384
D) $125,000
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