Joyce's employer loaned her $$50,000$ this year $($interest$-$free$)$ to buy a new car. If the federal interest rate was $3$ percent, which of the following is correct?

Multiple Choice

Joyce recognizes $$1,500$ of taxable interest income.

Joyce's employer recognizes $$1,500$ of deductible interest expense.

Joyce recognizes $$1,500$ of imputed compensation income.

Joyce recognizes $$1,500$ of imputed dividend income.

None of the choices are correct.

Multiple Choice

$$1,690$

$$1,320$

$$930$

$$370$

Zero$$gambling winnings are not included in gross income