M Studios (Calgary) had retail sales of $166,465.25, including GST, for the last quarter. In the same
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Question:
M Studios (Calgary) had retail sales of $166,465.25, including GST, for the last quarter. In the same period M Studios purchased $45,000 worth of supplies and paid $75,000 for store renovations, plus the GST on these goods and services. What GST must be remitted by M Studios (or refunded) for the last quarter?
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