On 1 March 2019 Shaun Field has a telephone bill of $220 (this includes $20 GST) paid by his employer, Trucks Are Us Ltd. Trucks Are Us is able to claim the 10 per cent input tax credit. What gross-up factor should it use? (b) What would the gross-up factor be if Trucks Are Us was not able to claim the credit?

Answer rating: 100% (QA)

a Grossup Factor when Trucks Are Us Ltd is able to claim the input tax credit The grossup factor is ... View the full answer