Section C (15 Marks)Newsletter TitleMrs Betty Blue runs a restaurant business in Sydney as a sole trader. Her net profit from the business is around $200,000 per year. She has no other income. Her...

Section C (15 Marks)Newsletter TitleMrs Betty Blue runs a restaurant business in Sydney as a sole trader. Her net profit from the business is around $200,000 per year. She has no other income. Her husband, Barry, is not working because he is a house husband who looks after the family. Betty and Barry have three children, Peter (aged 15 at school with no income), Paul (aged 17 working full-time on $30,000 per year) and Mary (aged 19 at business college with no income).From your knowledge of the taxation of different entities discuss the advantages and disadvantages (purely from a tax perspective) of Betty switching from running her business as a sole trader to each of the following different structures:(a) Partnership(5Marks); (b) Company(5Marks)and (c) FamilyTrust(5Marks).You must give reasons for your answer. Your discussion must include an analysis of the pertinent sections of the relevant legislation, rulings and the relevant case law. If relevant, you must show your calculations. 15 marksTaxation law