Question 29 of 35 . Choose the response that correctly describes the tax consequences for a recipient of a Paycheck Protection Program (PPP) loan who had their debt forgiven. They wilt: Not receive 8 1099-C. Cancellation of Debt, for the amount of the forgiven Ppp loar, but thay will have to induse the amount in their gross business income and pay tax on it. Roceive a 1099-C, Caveotation of Debt, for the amount of the forgiven PPP lean and wil pay tax on the amount. Receive a 109g-C. Canceniation of Deof, for the amount of the forgiven PPP loan, but wit spply for an exclusion so they da not have to pay any tax on the amount. Not recaive a 1099-C. Cancellation of Debt, for the amount of the forg ven PPP loan, and wil not tave to pay tax on the amourt forgiven. Mark for follow up Question 30 of 35 . Which of the following programs and credits were introduced in response to the CoviD-19 nandemic? Credit for Sman Business Health Care.- Employee Rotention Credit. Famby and Modical Leavo Act. First Time Home Buyer Credit. Mark for follow up