Jenny carries on a retail business and has been an SBE taxpayer since 1 July 2018. She paid the following expenses during the year ended 30 June 2020: Wages of $86,000 to employees. Lease payments on office premises of $24,000 paid on 1 April 2020 for an 18-month period commencing on 1 April 2020. Workers compensation insurance premiums of $2,600 paid on 1 May 2020 for a 12-month insurance policy starting on 1 May 2020. Software subscription of $800 paid on 1 March 2020 for services to be provided over a 12-month period commencing on 1 March 2020. Based on these expenses what deductions (to the nearest $1) can Jenny claim in the year ended 30 June 2020?

$88,600

$93,400

$113,400

$86,800

$86,000