Which of the Following Never Generate Taxable Income

question 22

Multiple Choice

Which of the following never generate taxable income?
I.Interest free loan from family member.
II.Interest free loan from employer.
III.Interest free loan under $10,000.
IV.Interest free loan over $100,000.
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• A)Only statement I is correct.
• B)Only statements I and III are correct.
• C)Only statements I and II and III are correct.
• D)Only statement III is correct.
• E)Only statements II and III are correct.

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Definitions:

Opposite-sex First Date

A social engagement between two individuals of the opposite sex who are potentially interested in a romantic relationship, typically involving shared activities or a meal.

Disclose

To reveal or make known information that was previously secret or hidden.

Self-disclosure

This refers to the process of revealing personal information to others, which can include thoughts, feelings, and experiences.

Self-disclosure

The act of revealing personal, private information about oneself to others, fostering intimacy and trust in relationships.