Question 1 Henry Morgan is employed at a monthly salary of $700,000. His employer is in the private sector and pays 14 HEART trainees. Additionally, Henry contributes $20,000 to Sagicor for his life insurance policy and $100,000 to compulsory savings per month. A. Calculate his income tax payable for the year of assessment 2020. (8 marks) B. Calculate his net pay for the year of assessment 2020. (7.5 marks) C. Calculate his employer's contribution for HEART for the year of assessment if the monthly pay bill is $8,000,000. (4.5 marks) (Total 20 marks)