During the summer holiday between finishing high school and beginning university, Sophie reasonable salary, she decided to try the lawn care business for three months. After a survey of the market potential, Sophie bought a second-hand van for $3,000 on 1 December. On each trimmers and other tools. To acquire these items, she borrowed S3,500 cash from her parents 3 complete financial year ending 30 June Table 7. Individual tax rates, excluding Medicare lev 3 19c for each $1 over $18,200 $3,572 plus 32.5c for each $1 over $37,000 $37,001 - $80,000 5 2 0 Use the main captions: Revenues from services, Expenses and Net profit. 8 1 bank account when she established it on 1st Decembei)