Which of the Following Always Generate Taxable Income

question 2

Multiple Choice

Which of the following always generate taxable income?
I.Interest free loan over $10,000 from family member.
II.Interest free loan over $10,000 from employer.
III.Interest free loan under $10,000.
IV.Interest free loan over $100,000.
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• A)Only statement I, II and IV are correct.
• B)Only statements II and III are correct.
• C)Only statements I and IV are correct.
• D)Only statement IV is correct.
• E)Only statements II and IV are correct.

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Definitions:

Schizophrenia

A chronic brain disorder characterized by distortions in thinking, perception, emotions, language, sense of self, and behavior.

Sociocultural Therapist

A mental health professional who addresses psychological issues through the lens of social, cultural, and environmental factors influencing the individual.

Expressed Emotion

A measure of the family environment that is based on how family members speak about the individual with a mental disorder; high levels of criticism, hostility, and emotional overinvolvement are indicators.

Psychodynamic Therapist

A mental health professional specializing in treatments that explore unconscious dynamics, motivations, and conflicts.