Joe owns his own optometry business, Perfect Vision. He uses a registered tax agent to assist in the preparation of the financial statements and income tax affairs of the business.

Joe provides you with a summary of various items charged to him by his tax agent during the 2021 income year:

$

• preparation of the 2020 financial statements of Perfect Vision 2,250
• preparation of the 2020 income tax return of Perfect Vision 740
• provision of GST advice 620
• tax penalty imposed by the ATO for lodging his 2021 tax return late 230
• general interest charge (GIC) imposed by the ATO for late payment 62
• attendance at a tax audit by the tax agent involving a dispute with the ATO 1,800

What amount is deductible to Joe under Section 25-5 of the ITAA (1997) ?

		$2,540;
		$2,602;
		$3,222;
		$4,852.