Question: On January 1 st , 2 0 2 3 , Paola receives a $ 3 3 5 , 0 0 0 loan from her employer

On January 1st,2023, Paola receives a $335,000 loan from her employer to assist her in purchasing a home.The loan requires annual interest at a rate of 1.5% percent, which she pays on December 315. Please use the number of months outstanding instead of the number of days for the purposes of your calculations.Assume that the relevant prescribed rates are:3% during the first quarter (3 months)3.25% during the second quarter, (3 months)2.5% for the remainder of the year (i.e. Q3 and Q4)(6 months)Required:Calculate the amount of Paola's taxable benefit on this loan for the year? (show your full calculations)

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