s CB1(1) and YA1 of the Income Tax Act 2007 are very important because: Question 5Answer a. these sections explain how an employee, sole trader, partnership, trust and company should be treated differently for tax purposes b. these sections define what is a business and that receipts from a business are taxable income c. these sections define what is a business and the income tax rate for a business d. these sections define what is and is not a business for tax purposes