QUESTION 12.7 (Tax losses, partner in partnership) The following data relates to Stephanie Garner, a resident taxpayer. Stephanie derives income from a public relations business and is also a partner in a marketing business. 2019/20 2020/21 2021/22 Assessable business income $ 93,400 $ 126,000 $ 133,400 General business deductions 80,000 129,000 Share of Partnership Net (21,800) 14,900 119,200 (5,600) Income (Loss) Superannuation and Gifts 4,000 11,000 8,000 Net exempt income 1,500 3,000 2,000 General business deductions are separate from personal superannuation, gifts, partnership losses and losses of previous years. For each year, determine Stephanie's Taxable Income and any losses that may be carried forward.