Details of Nicks expenses are as follows:

Expense	($)
Personal superannuation paid by Nick	6,700
Wages for staff	80,000
Superannuation for staff	7,600
Discharge of mortgage for his property loan of which 50% relates to his rental properties	400
Interest on loans used to purchase rental properties	23,000
Electricity for a rental property	2,300
Rates and taxes for a rental property	3,000
Water for a rental property which the tenants repaid	800

Based on the above facts and relevant tax laws, what are the allowable deductions in relation to Nicks business income only? (hint: remember that Nicks business income and expenses will be recorded in a separate schedule within Nicks personal income tax return)

	A	Superannuation expenses of $7,600 & wages of $80,000
	B	Superannuation expenses of $14,300 & wages of $80,000
	C	Superannuation expenses of $6,700
	D	Superannuation expenses of $6,700 & wages of $80,000