Sarah borrowed $25,000 from her employer at a rate of 1% interest. At the time the loan was made, CRA (Canada Revenue Agency) prescribed rate of interest rate of interest was 3%. Sarahs loan was received on April 1, 2019, and she paid her 2019 interest in full on Jan 15th, 2020.

A. What the imputed interest amount is? (round to the penny or 2 decimal)

B. Amount of interest Sarah paid on the loan on Jan 15th, 2020 (round to the penny or 2 decimal)

C. Amount to be included into income as a low-interest loan benefit? (round to the penny or 2 decimal)

Note: the context must be under Canadian Tax laws.