Travis Had Assessable Income of $40,000 and Deductions of $65,000

Multiple Choice

Travis had assessable income of $40,000 and deductions of $65,000 and he also derived $10,000 in exempt income in the year ended 30 June 2020. If in the deductions of $65,000, there was a donation of $5,000, what would Travis's tax loss be for the 2020 tax year?

A) ($25,000) loss
B) ($10,000) loss
C) ($15,000) loss
D) $0 tax loss