Susan has $180,000 to invest and is in the 35% tax bracket. Charles, Susan's son, is...

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Susan has $180,000 to invest and is in the 35% tax bracket. Charles, Susan's son, is in the 15% tax bracket. Instead of investing the funds herself, she loans the $180,000 to Charles to invest on January 1, Year 1. Assume the applicable federal rate is 3.5% through June 30 and 4% through December 31 and Susan does not charge Charles any interest on the loan. * Your answer is incorrect. How much interest income must Susan include on her tax return, if any? (Round answer to O decimal places, e.g. 5,125.) Interest income $ eTextbook and Media eTextbook 6750 Assistance Used * Your answer is incorrect. If Susan charged Charles 2% semiannually, how much interest is considered imputed interest income to Susan? (Round answer to O decimal places, e.g. 5,125.) Imputed interest income +A $ 3150 Susan has $180,000 to invest and is in the 35% tax bracket. Charles, Susan's son, is in the 15% tax bracket. Instead of investing the funds herself, she loans the $180,000 to Charles to invest on January 1, Year 1. Assume the applicable federal rate is 3.5% through June 30 and 4% through December 31 and Susan does not charge Charles any interest on the loan. * Your answer is incorrect. How much interest income must Susan include on her tax return, if any? (Round answer to O decimal places, e.g. 5,125.) Interest income $ eTextbook and Media eTextbook 6750 Assistance Used * Your answer is incorrect. If Susan charged Charles 2% semiannually, how much interest is considered imputed interest income to Susan? (Round answer to O decimal places, e.g. 5,125.) Imputed interest income +A $ 3150

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Okay here are the workings No interest charged on loan Applicable federal rate from Jan 1 to Jun ... View the full answer