Taxpayer Ltd carries on a publishing business and owns a magazine that it publishes monthly. This company incurred the following expenditure during the year ended 30 June 2023: In a recent magazine article one of the stories made a defamatory remark about a well-known artist and the company had to pay $50,000 compensation to the artist. The company paid $20,000 to a managing director to encourage him to terminate his contract of employment early, because his performance was unsatisfactory. $10,000 was stolen by thieves from one of the company's safes and the money was not recovered. The money had been collected from and recorded as sales of the magazine. Based on the above losses or outgoings, what amount will be deductible under s 8-1? Select one: O a $50,000 O b. $40,000 O c. $80,000 O d. $0 O e. $90,000 John is a doctor who works as a sole practitioner, operating through a rented room in a medical clinic. During the 2023 income year he paid $16,000 for 12 months rent in office rental fees in one instalment, as well as $1,500 on a new sofa for his office purchased in July 2022. Wishing to improve his management skills, in January 2023 he enrols in an MBA course at the local university at a cost of $5.000 per semester. Assuming John does not qualify for the small business entities concessions of Subdiv 328-D ITAA97 nor temporary full expensing, how much is he entitled to claim as a deduction in the current year? O a. $18,000 O b. $5,000 O c. $22,500 O d. $6,500 O e. $16,000 Of. $21,000 Individual Taxpayers must lodge tax returns and sometimes may be required to add an additional schedule. Which of the following scenarios does not require an additional schedule to be furnished? O a. Schedule for business and professional items O b. Schedule for the National Rental Affordability Scheme Tax Offset O c. Schedule for superannuation lump sum payments O d. Schedule for employment termination payments O e Schedule for capital gains tax