38. Provinces that apply HST- a. have an HST rate that is usually based on the...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
38. Provinces that apply HST- a. have an HST rate that is usually based on the original provincial tax rates b. do not have provincial taxes c. all have the same HST rate d. charge one HST rate for goods and a different rate for services 39. HST rates a. are the same for all provinces b. are set by the federal government c. apply to all goods and services that have GST applied d. may be different for different provinces 40. PST paid by a business on business-related purchases a. is the same rate for all provinces b is not paid if the goods will be resold e is refundable for all business-related purchases d. PST is not paid on any business-related purchases 41. Which of the following statements is true about HST- i HST is applhed to all goods and services b HST is applied only for goods that the business will not sell to customers C HST is applied in all provincees of Canada d. IST cates depend on the provincial tax rate portion ncluded 38. Provinces that apply HST- a. have an HST rate that is usually based on the original provincial tax rates b. do not have provincial taxes c. all have the same HST rate d. charge one HST rate for goods and a different rate for services 39. HST rates a. are the same for all provinces b. are set by the federal government c. apply to all goods and services that have GST applied d. may be different for different provinces 40. PST paid by a business on business-related purchases a. is the same rate for all provinces b is not paid if the goods will be resold e is refundable for all business-related purchases d. PST is not paid on any business-related purchases 41. Which of the following statements is true about HST- i HST is applhed to all goods and services b HST is applied only for goods that the business will not sell to customers C HST is applied in all provincees of Canada d. IST cates depend on the provincial tax rate portion ncluded
Expert Answer:
Answer rating: 100% (QA)
Answers 38 b 39 d 40 a 41 a explanations 38 Provinces that charge ... View the full answer
Related Book For
Concepts in Federal Taxation
ISBN: 9780324379556
19th Edition
Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher
Posted Date:
Students also viewed these accounting questions
-
Are passive losses treated the same for all types of entities?
-
Are the objectives the same for all three stages of collection messages? Explain your answer.
-
The employee default deductions a. are the same for all employees b. are entered into the employee ledger records c. cannot be changed once you finish entering the history d. are defined by the...
-
1. Which type contains a single character enclosed within single quotes? A. Character B. Numeric C. Floating point 2. The modulus operator uses, B. - B. < A. + 3. Every variable should be separated...
-
On March 25, Hannah received an invoice in the mail from Carpet Country for $4235. The invoiced was dated March 22 and had terms 3/15, 1 /30, n/60. If she made payments of $1000 on each of April 2,...
-
Find Io in the network shown using source transformation 3 4mA 12 3
-
Superheated steam available at \(800 \mathrm{psia}\) and \(600^{\circ} \mathrm{F}\) is to be expanded to a pressure of \(150 \mathrm{psia}\) at the rate of \(100,000 \mathrm{lb} / \mathrm{hr}\)....
-
Here are some important figures from the budget of Nashville Nougats, Inc., for the second quarter of 2015: The company predicts that 5 percent of its credit sales will never be collected, 35 percent...
-
Joe runs up the stadium steps as an athletic drill. There are 50 steps and each one is 0.30 meters high and 0.50 meters deep. If Joe has a mass of 95 kg and runs the steps in 30 seconds, how much...
-
You are discussing your 401(k) with Dan Ervin when he mentions that Sarah Brown, a representative from Bledsoe Financial Services, is visiting East Coast Yachts today. You decide that you should meet...
-
Find the Maclaurin series for sinh(x) = e*-e*, and cosh(x) = e*+e* 2 2 in two different ways. These are the hyperbolic sine and hyperbolic cosine functions, respectively. a) Compute the values of...
-
Identify and explain the purpose of the four categories of financial ratios (liquidity, profitability, debt and activity). Analyze how the CEO uses the information from these ratios to improve the...
-
Advancement in technology plays a role in in fostering TMG sustainable innovation and organizational agility. In your point of view, analyze this role of technology and discuss how TMG can...
-
We can model a trebuchet as a simple system of three masses on two linkages as shown in the sche- matic below. We will assume that the Trebuchet is already built and has a throwing arm that is 15 Im...
-
A temperature field T(x,t) in a one-dimensional structure (x = [0, L]) is determined by 1 ar 8T the following governing equation Based on previous experience, one a t proposes that the temperature...
-
Provide answers to all of the questions below: Outline three reasons why a company may choose to develop a business plan. Identify the key steps involved in developing a business plan (at least...
-
A rope with negligible mass goes over a pulley with negligible friction. On one side of the pulley is a 60 kg monkey, and on the other side is a bunch of bananas that weigh 70 kg and are on the...
-
As you rewrite these sentences, replace the cliches and buzzwords with plain language (if you don't recognize any of these terms, you can find definitions online): a. Being a jack-of-all-trades, Dave...
-
Taverez is a foreign corporation that operates a manufacturing plant in Lubbock, Texas. Taverez sells its products to customers outside the U.S. In the current year, Taverezs gross revenue is $4...
-
Discuss the basic differences between annual losses and transaction losses.
-
A taxpayer has the following income (losses) for the current year: What is the taxpayers taxable income (loss) if a. The taxpayer is a single individual and the passive income is not from a rental...
-
Testing \(H_{0}: p_{1}=p_{2}\) vs \(H_{a}: p_{1}>p_{2}\) using \(\hat{p}_{1}-\hat{p}_{2}=0.8-0.7=0.10\) with each of the following sample sizes: (a) \(\hat{p}_{1}=24 / 30=0.8\) and \(\hat{p}_{2}=14 /...
-
100 tests conducted using a significance level of \(5 \%\). We are conducting many hypothesis tests to test a claim. In every case, assume that the null hypothesis is true. Approximately how many of...
-
Testing \(H_{0}: p=0.5\) vs \(H_{a}: p>0.5\) using \(\hat{p}=0.55\) with each of the following sample sizes: (a) \(\hat{p}=55 / 100=0.55\) (b) \(\hat{p}=275 / 500=0.55\) (c) \(\hat{p}=550 /...
Study smarter with the SolutionInn App