please answer all the questionss.,.within 30 minutes. make sure the explanation and reasons are explained in very detailed manner. else leave it for other tutor otherwise i will give negative ratings and will also report your answer for unprofessionalism. Make sure the answer is 100% correct and IS NOT COPIED FROM ANYWHERE ELSE YOUR ANSWER WILL DOWNVOTED AND REPORTED STRAIGHTAWAY. USE YOUR OWN LANGUAGE WHILST WRITING.

ATTEMPT THE QUESTION ONLY IF YOU ARE 100% CORRECT AND SURE. ELSE LEAVE IT FOR ANOTHER TUTOR. BUT PLEASE DONT PUT WRONG ANSWER ELSE I WILL REPORT.

• Maria, is a CPA who works in the tax area. A client tells you that she took out a loan of $25,000 during tax year 2022 and that the bank officer mentioned that the amount of the loan is taxable. However, the client mentions that he understands that the product of a loan is exempt from taxation. What is the tax basis with which Maria is going to determine if the amount of the loan is taxable or exempt?