Question 7 (1.5 points) Sally's assessable income as of 2017/18 is $140,000. She has $668 allowable deduction. How much is Sally's individual income tax payable? Taxable Income Tax on this income 0-$18,2000 $18,201$37,00019c for each $1 over $18,200 $37,001$87,000$3,572 plus 32.5c for each $1 over $37,000 $87,001 - $180,000$19,822 plus 37 c for each $1 over $87,000 $180,001 and over $54,232 plus 45 c for each $1 over $180,000 Your Answer: Answer Question 8 (1.5 points) What is the effective annual rate of 5.0 percent p.a. compounding quarterly? Hint: if your answer is 5.14%, please input as 5.14, rather than 0.0514, or 5.14%, or 5.14 per cent. Your Answer: Answer Question 9 (1.5 points) You can earn 5.3\% p.a (compounded annually) on a deposit account. How many years does it take to double your initial deposit? Hint: you can assume the initial deposit as $1000, or $2000, or any other amount. Keep TWO decimal points. Your Answer: Answer Question 10 (1.5 points) What is the present value of the mixed cash flow pattern as below? Assuming a 4.6% interest rate (compounded annually). Your