31. HST (Harmonized Sales Tax) differs from GST in that - a it has a different...

 

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31. HST (Harmonized Sales Tax) differs from GST in that - a it has a different tax rate b. it includes a portion for provincial sales tax c. it applies to a different set of products and services d. a and b above 32. Provincial sales taxes - a. apply at the same rate in all provinces and territories in Canada b. are always calculated on the sales amount before any other taxes are added c. on purchases that are treated as business expenses d. increase revenue for a business by the amount of the tax collected from customers 33. Businesses that are allowed to use the Quick Method for applying GST/HST include- a. banks and other financial institutions b. any business with annual sales less than $500 000 c. some small businesses d. all businesses may use the Quick Method 34. GST/HST differs from other sales taxes in that a. it applies at all levels of sales b. the same rate applies to all goods and services sold c all goods and services have GST HST applied d. GST/HST is applied in the same way as other sales taxes 35. Provincial sales taxes a. are charged on all goods and services b. are charged on the item price plus GST to calculate the HST amount C are never charged on services d none of the above 31. HST (Harmonized Sales Tax) differs from GST in that - a it has a different tax rate b. it includes a portion for provincial sales tax c. it applies to a different set of products and services d. a and b above 32. Provincial sales taxes - a. apply at the same rate in all provinces and territories in Canada b. are always calculated on the sales amount before any other taxes are added c. on purchases that are treated as business expenses d. increase revenue for a business by the amount of the tax collected from customers 33. Businesses that are allowed to use the Quick Method for applying GST/HST include- a. banks and other financial institutions b. any business with annual sales less than $500 000 c. some small businesses d. all businesses may use the Quick Method 34. GST/HST differs from other sales taxes in that a. it applies at all levels of sales b. the same rate applies to all goods and services sold c all goods and services have GST HST applied d. GST/HST is applied in the same way as other sales taxes 35. Provincial sales taxes a. are charged on all goods and services b. are charged on the item price plus GST to calculate the HST amount C are never charged on services d none of the above

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31 d is the correct option Reason GST does not include a portion for provisional sales tax while the ... View the full answer