In the 2020 tax year, Andrew derived $60,000 in assessable income but had deductions of $90,000. If Andrew also derived $20,000 of exempt income, what would Andrew's tax loss be for the 2020 tax year?
A) $0
B) $20,000
C) $30,000
D) $10,000

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The Answer of In the 2020 tax year, Andrew derived $60,000 in assessable income but had deductions of $90,000. If Andrew also derived $20,000 of exempt income, what would Andrew's tax loss be for the 2020 tax year?
A) $0
B) $20,000
C) $30,000
D) $10,000

In the 2020 Tax Year, Andrew Derived $60,000 in Assessable