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Kait loaned her son, Jake, $ 7 0 4 0 0 for six months. Jake used the $ 7 0 4 0 0 to pay

Kait loaned her son, Jake, $

70400

for six months. Jake used the $

70400

to pay off college loans. The Federal rate was

5 %,

and Kait did not charge Jake any interest. Jake had dividend and interest income of $

2181

for the tax year.

What is the loan's impact on Kait's gross income?

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