On 1 April 2018, Magda received a low interest loan of $40,000 from her employer, ABC Pty Ltd.  The interest payable was only 3%.  Magda used half of the loan to pay for her wedding and half of the loan to buy shares in Pinkscope Steel Ltd.    Advise ABC Pty Ltd of the FBT payable on the loan. (Explain your calculations and refer to relevant law)

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