During the income year ended 30 June 2020 James received salary and wages income of $35,000, interest income of $3,000, a net capital gain of $5,000, an exempt compensation payment of $23,000 and commission income of $4,000 and a car for his 21st birthday that cost his dad $10,000. What is James ordinary income that is assessable for the year ended 30 June 2020?

Select one:

a. $42,000

b. $57,000

c. $80,000

d. $38,000

e. $48,000