Which of the Following Statements Is Not True

Which of the following statements is not true?

A) Assessable income comprises both ordinary income and statutory income
B) Taxable income is made up of assessable income less deductions
C) Income tax payable is calculated by working out the tax payable based on the taxable income multiplied by the tax rate and then adding tax offsets
D) Income tax payable is calculated by working out the tax payable based on the taxable income multiplied by the tax rate and then subtracting tax offsets