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On January 1 st , 2 0 2 3 , Paola receives a $ 3 3 5 , 0 0 0 loan from her employer
On January st Paola receives a $ loan from her employer to assist her in purchasing a home.The loan requires annual interest at a rate of percent, which she pays on December Please use the number of months outstanding instead of the number of days for the purposes of your calculations.Assume that the relevant prescribed rates are: during the first quarter months during the second quarter, months for the remainder of the year ie Q and Q monthsRequired:Calculate the amount of Paola's taxable benefit on this loan for the year? show your full calculations
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