Nicole receives a loan from her employer in the amount of $7,000 on July 1...

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Accounting

Nicole receives a loan from her employer in the amount of $7,000 on July 1 st. The annual interest rate on the loan is 1.7%. The prescribed rate for July to December is 3.8%. What is Nicole's taxable benefit?
$133
$42
$38.50
$77
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