Tom's sister, Maria, is single and retired from her employment in Google on the 30th of April 2022. She has asked for some tax advice in relation to the following issues. She had worked for Google for 10 years and 6 months. Her severance package was as follows: Her average emoluments (nclusive of benefit in kind) tor the 3 years pnor to the date or termination was 60,000. Her salary from 1 January to 30 April 2022 was 18,000 and she paid PAYE of 3,900 in respect of the tax year 2022. Maria's pension from the firm's pension scheme from 1 May 2022 to 31 December 2022 is expected to be 22,000. PAYE of 4,400 will be withheld in respect of the tax year 2022. She has always been interested in renovatingrestoring antique fumiture and has often purchased od pieces and spent hours restoring them. Maria used some of her retirement package to purchase and restore a number of pieces of antique furniture. In June 2022 , she sold 3 fully restored antique wardrobes for 61,500 each, in July 2022 she sold 2 fully restored antique mirrors for 250 each and in September 2022, she sold 5 fully restored antique lames for 200 each. She used the prooseds from the sales to buy some more fumiture which she has been working on since. Requirement: 1. Explain how termination payments are taxed under Irish income Tax legislation. Using the figures provided, advise what the maximum tax-exempt portion of Maria's temination payment will be. 2. Explain the six badges of trade. 15 Marks 3. Explan, giving reasons, why Maria would be considered to be carrying on a trade in respect of the antique furnture activities. 9 Marks 4. Calculate Maria's expocted Income Tax liabiity for the tax year 2022 using the figures provided above. Where adetional information is required, please make your own assumptians providing an explanation for each as sumption. Tom's sister, Maria, is single and retired from her employment in Google on the 30th of April 2022. She has asked for some tax advice in relation to the following issues. She had worked for Google for 10 years and 6 months. Her severance package was as follows: Her average emoluments (nclusive of benefit in kind) tor the 3 years pnor to the date or termination was 60,000. Her salary from 1 January to 30 April 2022 was 18,000 and she paid PAYE of 3,900 in respect of the tax year 2022. Maria's pension from the firm's pension scheme from 1 May 2022 to 31 December 2022 is expected to be 22,000. PAYE of 4,400 will be withheld in respect of the tax year 2022. She has always been interested in renovatingrestoring antique fumiture and has often purchased od pieces and spent hours restoring them. Maria used some of her retirement package to purchase and restore a number of pieces of antique furniture. In June 2022 , she sold 3 fully restored antique wardrobes for 61,500 each, in July 2022 she sold 2 fully restored antique mirrors for 250 each and in September 2022, she sold 5 fully restored antique lames for 200 each. She used the prooseds from the sales to buy some more fumiture which she has been working on since. Requirement: 1. Explain how termination payments are taxed under Irish income Tax legislation. Using the figures provided, advise what the maximum tax-exempt portion of Maria's temination payment will be. 2. Explain the six badges of trade. 15 Marks 3. Explan, giving reasons, why Maria would be considered to be carrying on a trade in respect of the antique furnture activities. 9 Marks 4. Calculate Maria's expocted Income Tax liabiity for the tax year 2022 using the figures provided above. Where adetional information is required, please make your own assumptians providing an explanation for each as sumption