Jin Jones works for the Bank of Montreal. The bank provides loans to its employees at an annual interest rate of $1\%.$ On April $1$ of the current year, the bank provides Jin with an employee loan in the amount of $$26,000$ at the annual interest rate of $1\%.$ The loan requires annual principal repayments of $$2,600$ on April $1$ of each year. Jin 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:

View the prescribed interest rates.

Calculate the taxable benefit to be included in employment income for Jin Jones in the current year. Assume a $365$ day year. Round your answer to the nearest whole dollar.

A$.$ $$457$

B$.$ $$650$

C$.$ $$261$

D$.$ $$1,560$

Prescribed Interest Rates

Q$1($January $1$ to March $31)=3\%$

Q$2($April $1$ to June $30)=2\%$

Q$3($July $1$ to September $30)=3\%$

Q$4($October $1$ to December $31)=2\%$