7) musk is a majority shareholder of X, Inc. On 1/1/23, X made a $10,000,000...

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Accounting

7) musk is a majority shareholder of X, Inc. On 1/1/23, X made a $10,000,000 loan with a 2% annual interest rate to musk. The Relevant Federal interest rate was 5%. What income or expense, actual or imputed, will Musk and X, Inc. recognize for a tax purpose for 2023.
8) Elon and Claire were divorced in Febuary of 2018. Requirements of the divorce stipulate the following payments were made by claire under the degree, listed below. What is Claires 2018 alimony deduction?
- Transfer titile to their residence to Elon. Claire basis was $95,000, the fair market value was $105,000,and the residence was subject to a mortgage of $90,000.
-Make the mortgage payments of $1,000 pre month for the remaining 20 years or until Elon dies, if sooner.
-Pay Elon $500 per month for 6 years until Elon dies, if sooner. of this amont $200 is designated as child support.

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