which of the following interest-free loans would result in imputed interest between the parties to the loan when the fed

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answerhappygod
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which of the following interest-free loans would result in imputed interest between the parties to the loan when the fed

Post by answerhappygod »

which of the following interest-free loans would result in
imputed interest between the parties to the loan when the federal
rate is 5%
1 George borrows 12,000 from his employer, Pelician fisheries.
to pay education expenses for his daughter, and George has
investment income same year of 330
2 Carla lends her friend, Lois 8,000 to buy a house generator
and Lois has investment income of 2,200 for the year
3 Hope borrows 120,000 from her father for an addition to her
home .Hope has 4,600 in investment income in the same
year
4 Prakash lends his wife, Smita 50,000 to start a small business
from home
a) 1,2 and 3
b) 1 and 2
c) 3 and 4
d) 1 and 3
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