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(c) ABC Limited provides a loan of $5,000 to Marie, an employee. The loan is advanced on 1 April 2018, with a low interest rate

(c) ABC Limited provides a loan of $5,000 to Marie, an employee. The loan is advanced on 1 April 2018, with a low interest rate of 3%. Marie does not make any loan repayment for the first six months. Calculate the taxable value of the loan for the quarter ended 30 June 2018. The prescribed rate of interest for the quarter ended 30 June 2018 is 5.77%.

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