Tom operated a business and in the previous year he made a loss of $10,000. This loss was calculated after deducting $3,000 for personal superannuation. Tom also earned income of $2,000 in the previous year from Army Reserve. In the current year Tom had income of $200,000, exempt income of $2,000 and expenses of $150,000. Tom's Taxable Income in the current year = [A] Just write the figures without any commas to work out the taxable income, e.g. 120000