Robbin's Hardware sells only fully taxable supplies to customers in Alberta who do not participate in the
Fantastic news! We've Found the answer you've been seeking!
Question:
Robbin's Hardware sells only fully taxable supplies to customers in Alberta who do not participate in the HST program and has no provincial sales tax. The quick method rate in Alberta for businesses that purchase goods for resale is 1.8%. During the first quarter of the year, the business has sales of $65000, before the inclusion of GST. They have taxable purchases totaling $21000 before GST. They do not make any capital expenditures during the quarter. Using the Quick Method, determine the GST that is payable for the quarter.
(Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response.)
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: