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: O tuvumu vunUS. U come bonus. D) Collateral trust bonds. 3. On January 1, 2020, Ann Price loaned $187,825 to Joe Kiger. A zero-interest-bearing
: O tuvumu vunUS. U come bonus. D) Collateral trust bonds. 3. On January 1, 2020, Ann Price loaned $187,825 to Joe Kiger. A zero-interest-bearing note (face amount, $250,000) was exchanged solely for cash; no other rights or privileges were exchanged. The note is to be repaid on December 31, 2022. The prevailing rate of interest for a loan of this type is 10%. The present value of $250,000 at 10% for three years is $187,825. What amount of interest income should Ms. Price recognize in 2020? A) $25,000. B) $56,350. C) $18,783. D) $75,000. Dolce Co which has a taxable payroll of $1,200,000, is subject to FUTA tax of 6.2% that includes a
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