Which of the Following Always Generate Taxable Income

Multiple Choice

Which of the following always generate taxable income?
I.Interest free loan over $10,000 from family member.
II.Interest free loan over $10,000 from employer.
III.Interest free loan under $10,000.
IV.Interest free loan over $100,000.
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A) Only statement I, II and IV are correct.
B) Only statements II and III are correct.
C) Only statements I and IV are correct.
D) Only statement IV is correct.
E) Only statements II and IV are correct.