1. On January 1 of the current year E received a loan of $200,000 from her employer. The principle is repayable after 5 years. The loan bears interest at 1% per annum which is paid monthly. The prescribed interest rate for the first quarter of the year was 4% and 5% for the remainder of the year. E used the loan to assist with the purchase of a home. What amount is included in Es employment income for tax purposes in the current year?

$ purposes in the current year