When preparing Luke’s income tax return for the year ended 30 June 2020, you note the following: $ Current year assessable income78,000 Current year allowable deductions (excluding donations to DGRs)26,000 Donations to DGR's2,000 Current year net exempt income4,500 Tax loss carried forward from the 2019 income year(16,800) Given this information, Luke's taxable income for the year ended 30 June 2020 is: a. $33,200; b. $37,700; c. $50,000. d. $41,700;