Question 7 (1 point) A Canadian public company has Tax Payable of $75,000 in 2016, $102,000 in 2017, and $90,000 in 2018. The company would like to minimize its 2018 instalments. What would its instalments be? a) Two monthly payments of $6,250 per month, followed by ten monthly payments of $8,950 per month. b) Twelve payments of $6,250 per month. c) One monthly payment of $6,250 per month, followed by eleven monthly payments of $8,704 per month. d) Twelve payments of $7,500 per month. Question 8 (1 point) Deck Making has a year end of September 30th. It is a small CCPC. For its 2018 taxation year, its income tax return is due on: a) December 31st, 2019 b) January 31st, 2019 c) March 31st, 2019 d) April 30th, 2019 e) None of the above Question 9 (1 point) When a business makes payments that are unreasonable in the circumstances, they cannot be deducted in the calculation of either accounting Net Income or net business income. a) True b) False Question 10 (1 point) Which of the following items is NOT deductible in calculating net business income for the current taxation year? a) An amount of $12,500 paid for planting large elm trees in various locations on the grounds of the company's facilities. b) An $25,000 legal fee paid for services rendered in conjunction with a new issue of the company's common stock. c) A $165,000 management bonus paid 150 days after the end of the corporation's current taxation year. d) A $14,000 contribution to a company pension fund