For the 2020-21 income year, Danny has assessable income of S55,000 and deductions of S4,000. His net exempt income for 2020-21 was S3,600. Further, Danny also has a higher education loan programme (HELP) debt of S6,900 at 30 June 2021, but he does not have private patient hospital health insurance. Danny also advises that he has a tax offset of S4,500 for 2020-21.

Danny's taxable income for the 2020-21 income year is: o a. 546,500

O b. S54,600

O c. $51,000

O d. 538,100