intro to taxation

Question 27 (1 point) On February 1, 2019, Pat Pollard received a $35,000 loan from her employer to assist her in purchasing a vehicle. The loan requires annual interest at a rate of 2 percent calculated each December 31st, payable on or before January 10th of the following year. Assume that the relevant prescribed rate is 4 percent during the first quarter of 2019, 3 percent during the second quarter, and 2 percent during the remainder of the year. She uses the vehicle for employment purposes 15% of the time. The taxable benefit included on Ms. Pollard's 2019 T4 will be: $200 $170 $841 $700