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How much taxable income will mr jones be considered

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Mr. Jones receives a demand loan from his employer, Doors and Things, of $100,000. He pays $2,000 of interest on the loan for a particular year. If he had pad market interest on the loan, he would have paid $5,000. How much taxable income will Mr. Jones be considered to receive because of this transaction.

Reference no: EM133254107

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