$(16$ Minutes$)$

A$.$ an interest$-$free employee loan of $$200,000$ that will eventually be forgiven by the football club; and

Terry has asked for your advice on the following: player's net income for tax $3$ marks

B$.$ From the player's perspective, what, if any, are the consequences of the signing bonus and the proposed employee loan that will be forgiven in the final contract year? $3$ marks