10. The CEO of a company receives a loan of $120,000 from her company. She uses the money to purchase a principal residence. If she is charged 4% p.a. interest on the loan, what is the taxable value of the loan fringe benefit? Assume a statutory rate of interest of 7.55% pa. (a) $4,260 (b) $4,800 (c) $9,060 (d) $13,860 10 x 1 = 10 marks