ACC 307 help A Guide to career/Snaptutorial ACC 307 help A Guide to career/Snaptutorial | Page 10

13. Sarah, a majority shareholder in Teal, Inc., made a $200,000
interest-free loan to the corporation. Sarah is not an employee of the
corporation
14. The purpose of the tax rules that apply to below-market loans
between family members is to:
15. Margaret owns land that appreciates at the rate of 10% each year.
Ralph owns a zero coupon (i.e., all of the interest is paid at maturity
but is taxed annually) corporate bond with a yield to maturity of 10%.
At the end of 10 years, the bond will mature and the land will be sold.
At the end of the 10 years
16. The exclusion of interest on educational savings bonds
17. Employees of the Valley Country Club are allowed to use the golf
course without charge before and after working h