Your client, Aldridge, is a generous individual. During the year, he made interest$-$free loans to various family members when the Federal

rate was $3\%.$ What impact, if any, will each of the following loans have on Aldridge's gross income?

If an amount is zero, enter $"0".$

a$.$ On June $30,2023,$ Aldridge loaned $$12,000$ to his cousin, Jim, to buy a used truck. Jim's only source of income was his wages on

various construction jobs during the year.

This is because the loan was less than $

and

does not have any investment income. The imputed interest

amount for $2023$ is $

$.$

b$.$ On August $1,2023,$ Aldridge loaned $$8,000$ to his niece, Sonja. The loan was to enable her to pay her college tuition. Sonja had $$1,200$

interest income from CDs her parents had given her.

This is because the gift loan was for less than $

$.$

c$.$ On September $1,2023,$ Aldridge loaned $$25,000$ to his brother, Al$,$ to start a business. Al had $$220$ of dividends and interest for the

year.

The computed imputed interest amount for $2023$ is $

$.$ However,

Because this amount

exceed $$1,000,$

is imputed.

d$.$ On September $30,2023,$ Aldridge loaned $$150,000$ to his mother so that she could enter a nursing home. His mother's only income was

$$9,000$ of Social Security benefits and $$500$ of interest income.

The computed imputed interest amount for $2023$ is $

$.$ However,

This is because the loan exceeded

$