Law 505

Question 18 1 points SAVE ANSWER 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 Paid $5,000 refund to an advertiser who had withdrawn their support due to being an associate of the building company.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 O $15,000 $50,000 Nil Activate Windows Go to Settings to activate Windows LAW505 202060...docx LAW505 202060....docx Show al LAW505 202060....docx