5 Adam received a low- interest loan of $ 25, 000 from his employer on January 1st . The loan is to be repaid in equal annual installments at the end of each of five years , along with interest of 2. 59/0 . Adam paid the interest and the first annual installment on December 31 . Suppose that the federal prescribed interest rates for Employees for the first year of Adam's loan were as follows : 1 st Quarter = 5.09/4 and Quarter = 5. 5%' and Quarter = 6. 0 9/0 4ith Quarter = 6. 5 9/6) What is the amount of Adam's taxable benefit during the First year ?" a) $0. 00 Obj $750. 00 Oci $8 12. 50 $ 1, DOD. 00 IPO