QUESTION 1 Quasimodo is a free-lance computer programmer. He started his business in July 2016. Due to substantial start-up expenses his taxable income for the 2017 income year was only $35,000, with a residual tax liability of $5,145. In the 2019 year, Quasimodo's business grew in both size and profitability. In that year, he received only the following income: Net profit from his computer business $150,000 Quasimodo has a balance date of 31 January in each year. He will file his return for the 2019 income year on 9 October 2019. He is also concerned about paying "another" tax on his earnings. Required: Calculate Quasimodo's provisional tax for the 2019 income year. Advise when his provisional tax instalments are due and how much each payment should be. Would your answer be different if Quasimodo will file his return for 2019 income year on 8 February 2019? Briefly explain in your own words what provisional tax is and whether it is another tax on earnings or not