QUESTION 12.3 (Current year tax loss, deductions subject to limitations) Keira Lowe had the following transactions during the 2021/22 tax year: Assessable Business Income $ 225,000 General business deductions 220,000 Personal superannuation contributions 20,000 Tax Agents Fee 6,000 Borrowing costs (deductible amount) 8,000 Gifts to Designated Gift Recipients 12,000 Costs of seeking election to State Government 7,000 Calculate Keira's taxable income and any losses that may be carried forward