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...
-
Suppose that f C(-, ) and that for all a R. Prove that f is analytic on (-, ) and lim|/ x" f(n+ ) (a-x) dx = 0 -00 f(x) = ((k)(0) r ER K! 0
-
Provide mechanical and molecular definitions of work and heat minor effect on the principles being illustrated). Assume compression ratio \(=9.0: 1\);...
-
1. Identify an entrepreneur in your area you would like to interview. 2. Contact the person you have selected and make an appointment. Be sure to explain why you want the appointment and to give a...
-
Warranties and Premiums Garison Music Emporium carries a wide variety of musical instruments, sound reproduction equipment, recorded music, and sheet music. Garison uses two sales promotion...
-
2 1. Let I = S 1 + exc - - ex -dx. 1+ ex 0
-
The slender rod AB of negligible weight is attached to two 10-lb blocks A and B that can move freely in the guides shown. Knowing that the constant of the springs is 1 lb/in. and that the unstretched...
-
Original activity-based costing and time-driven activity-based costing Garber Company uses a traditional activity-based costing system to assign $600,000 of committed resource costs for customer...
-
Peterson Packaging Inc. does not currently pay dividends. The company will start with a $0.50 dividend at the end of year three and grow it by 8% for each of the next six years. After six years of...
-
A metal sphere has an initial charge of + 8 mu C . What is the final charge on the sphere after 5 . 5 times 1 0 1 3 electrons have been placed on the sphere?
-
What are decorators in Python, and how do they contribute to the functionality of a program? Provide an example of a useful decorator.
-
How does firmware play a pivotal role in the operation and management of Internet of Things (IoT) devices, enabling functionalities such as sensor data acquisition, network communication, protocol...
-
I put together some supplemental practice problems you can use to learn the math required to calculate Contribution Margin, Contribution Rate, and Breakeven Point. Let me know if you have any...
-
What strategies do modern operating systems employ to mitigate the impact of security vulnerabilities, such as buffer overflows and privilege escalation exploits, through techniques such as address...
-
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...
-
Over what ranges of taxable income in 2017 will the total income tax liability for two persons with equal incomes who file as single individuals equal their income tax liability if they file jointly...
-
If a taxpayer has $40,000 of employee salary in 2017, how much will be withheld for the Social Security and Medicare taxes?
-
Sally and Jim are married and have taxable income in 2017 of $160,000. If they could file their income tax as single individuals, each of them would have taxable income of $80,000. Do they have a...
Study smarter with the SolutionInn App