How much GST, if any, is included in the following:

1. A residential course, offered by a regional university, leading to a Diploma of Accounting. The course cost is $5,000 comprising $3,000 for course fees and $2,000 for accommodation and meals; (1 mark)
2. The sale, for $33,000, of a delivery service business; (1 mark)
3. Purchase, for $5,000, of a photocopier for use in an accounting practice; (1 mark)
4. Medical service fees of $110; (1 mark)
5. Payment of private health insurance premiums of $2,000; (1 mark)
6. Family day care payments of $22/day in respect of a three-year-old child, both parents of whom work; (1 mark)
7. Goods worth $77,000 sold to a manufacturer in Japan; (1 mark)
8. Food valued at $4,400 provided by Meals on Wheels to elderly people; (1 mark)
9. Supply of water valued at $660 by a local water supply authority; (1 mark)
10. A grant of $1 m received by a university from a drug company. The money is to be spent on cancer research and the university is required to report its finding to the drug company six months before public release of the findings.

Additional Information

GST if any = 1/11th × Amount

Answer rating: 100% (QA)

Calculation of GST 1 A residential course offered by a regional university leading to a Diploma of Accounting The course cost is 5000 comprising 3000 ... View the full answer