Sudbury Outdoor Wear sells a line of specialized clothing to customers in its local area. For the
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Sudbury Outdoor Wear sells a line of specialized clothing to customers in its local area. For the calendar year 2022, the company sold $325,000 worth of clothing including HST. HST in Ontario is 13%. The company has elected to use the quick method of accounting for HST, and the applicable rate for Ontario is 8.8%. How much HST must the company send to the federal government for this year?
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Related Book For
College Accounting A Practical Approach
ISBN: 9780135222416
14th Canadian Edition
Authors: Jeffrey Slater, Debra Good
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