4 This question is about the 2021-22 income year of Money-Maker Pty Ltd ("Money-Maker). This question consists of two parts, parta and part b Money Maker owns a building in Brisbane. The company rants out four floors in the building to other businesses and uses the remaining foors to operate its own business as an investment advice consulting firm During this income year, Money-Maker Received $8,200,000 in rent Received $1,500,000 as consulting income for investment advice it provided to clients These are the expenses of Money-Maker for this income year Interest of $800,000 on a mortgage loan that funded the purchase cost of the building the company owns Insurance premiums totaling $280,000 to insure the building against structural damage due to food and fire damage Telephone, electricity rates charges totaling $450,000 Staff salaries totaling $900,000 Staff superannuation guarantee contributions totaling $00.000, invested into staff members' nominated superannuation investment accounts The cost of a staff cocktail party totalling $10,000. The party was held at Money-Maker's premises in the staff dining area on a Friday evening outside of regular work hours. Money-Maker paid a catering company for the food and dr Legal fees totaling $180,000 to defend two of Money-Maker's directors in criminal proceedings. The directors were accused of facilitating money-laundering by criminal gangs, using a bitcoin investment scheme that Money Maker a Fines totaling $100,000 that the Australian Financial Complaints Authority imposed on Money Maker because it did not provide clients with the required product disclosure statements for investment advice the company provided to Australia's consumer protection laws. Audt fees of $35,000 paid to the firm that audits Money Maker's financial statements in accordance with the shareholders' agreement You are required to: a. Calculate Money Maker's taxable income for the 2021-22 income year. Show all your calculations. Provide reasons for your answer. Your answer should reference relevant sections of the income Tax Assessment Acts and relevant this question Presert your answers in a two-column table with the folowing headings. To insert a table, click on the table icon (the 4-square icon) in the answer block Description b. Explain which tax rate will be applied to Money Maker's taxable income for the 2021-22 income year. Show all your calculations. Provide reasons for your answer. Total marks for this question 3