Taxpayer incurs the following expenses in relation to their tax affairs in 2020 income year.

• $100 for tax preparation fee for 2018/19 return paid to a retired tax officer who helped complete their tax return on mygov.com.au
• $5000 Payment of tax payable, pursuant to Commissioner's notice of assessment issued for 2018/19
• $250 interest expenses for borrowing money to pay the tax bill
• $300 General Interest Charge component of tax bill

In regard to the above expenses, what deductions are available to the taxpayer?

Select one:

a. $100

b. $300

c. $350

d. $5,350

e. $250