Ud of the time rema QUESTION COMPLETION STATUS: 3 6 7 10 110 12 13 14 15 16 17 18 19 20 21 24 25 22 23 27 280 29 300 PUTITE Anchor Pty Ltd owns one of Australia's major TV stations. One of its flagship shows is a current affairs style program which airs nightly across the country. During the year ended 30 June 2020 it incurred the following expenditure: Paid compensation of $40,000 to a local building company for defamatory remarks one of its reporters made whilst airing a story on sub- standard building practices. Paid $10,000 to the reporter in the building story to encourage him to terminate his contract of employment early, due to unsatisfactory performance Paid $5,000 refund to an advertiser who had withdrawn their support due to being an associate of the building company. This amount had been previously recorded as advertising sales for the station. Based on the above losses or outgoings, what amount will be deductible under s 8-1 ITAA97? $55,000 $40,000 $15,000 Activate Windows $50,000 NH 2:46 PM 21/Oct/2020 arch O