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The ceo of the company receives a loan of 120000 from her company. She uses thr money to purchase a principal residence. If she is

The ceo of the company receives a loan of 120000 from her company. She uses thr money to purchase a principal residence. If she is charged 4% pa interest on the loan, what is the taxable value if the loan fringe benefit. Assume a statutory rate of interest of 7.55

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