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Hannah is employed as an executive of Fringe Corporation. As part of her compensation package with Fringe Corporation, on January 1, 2020, Hannah received

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Hannah is employed as an executive of Fringe Corporation. As part of her compensation package with Fringe Corporation, on January 1, 2020, Hannah received a loan from Fringe Corporation in the amount of $100,000. Similar loans in the marketplace would have carried an interest rate of 7%; however, Hannah is not required to pay any interest on the loan. Hannah's only obligation is to repay $100,000 to Fringe Corporation on January 1, 2023. Under these circumstances, the amount of gross income that Hannah must recognize in 2020 in connection with the interest-free loan is $

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