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Crunchy Inc. loaned Jessica $100,000 interest free. The market rate for similar loans was 5%. What is the tax impact to both Crunchy Inc. and
Crunchy Inc. loaned Jessica $100,000 interest free. The market rate for similar loans was 5%. What is the tax impact to both Crunchy Inc. and Jessica under each of the following? 1.Jessica is an employee of the company. 2. Jessica is a shareholder of the company
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