How much tax does montana pay on this amount

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Reference no: EM133076871

Question - Montana Cetinay has a bank account and earns 4% interest on her investment sum of $400,000. Montana does not have a Tax file Number. How much tax does Montana pay on this amount?

a. $7,520

b. $16,000

c. $2,400

d. Nil

Reference no: EM133076871

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