Rise Ltd had the following balances related to bad debts for the year ended 30 June 2021: Allowance for Doubtful Debts $30,000 (30 June 2020: $26,000), and bad debts expense $15,000. The company income tax rate is 30%.

The amount that Rise Ltd can claim as a tax deduction for bad debts for 30 June 2021 is:

Select one:

a.

$11,000

b.

$15,000

c.

$3,300

d.

$30,000

Clear my choice