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Rita placed $3,000 in a high interest savings account at her bank. She earned interest income of $300 on her deposit. Select the correct statement
Rita placed $3,000 in a high interest savings account at her bank. She earned interest income of $300 on her deposit. Select the correct statement from the following: Rita must include $150 in her assessable income. Rita must include $3,300 in her assessable income. Rita does not need to include any amount in her assessable in relation to the interest as it is less than $1,000. Rita must include $300 in her assessable income
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