Janis Jones works for the Bank of Montreal. The bank provides loans to its employees at an annual interest rate of 2%. On April 1 of the current year the bank provides Janis with an employee loan in the amount of $36,000 at the annual interest rate of 2%. The loan requires annual principal repayments of $3,000 on April 1 of each year. Janis makes the first annual repayment in the following year. Assume that Canada Revenue Agency's prescribed interest rates for the current year are as follows: Q1 (Jan. 1 to Mar. 31) = 5% Q2 (Apr. 1 to June 30) = 8% Q3 (July 1 to Sept. 30) = 5% Q4 (Oct. 1 to Dec. 31) = 8% Calculate the taxable benefit to be included in employment income for Janis Jones in the current year. Round your answer to the nearest dollar OA. $2,340 B. $1,355 OC. $1,898 D. $6,480 Next