Which of the Following Never Generate Taxable Income

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.