Shaggy's Grocery Store shows sales revenue (exclusive of GST) of $235000 for the year. Shaggy's GST taxable

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Shaggy's Grocery Store shows sales revenue (exclusive of GST) of $235000 for the year. Shaggy's GST taxable expenses were (exclusive of GST) $24750. With GST calculated at 5%, how much should he remit to the government at the end of the year?

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Entrepreneurship

ISBN: 9781119563099

5th Edition

Authors: Andrew Zacharakis, William D Bygrave

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Posted Date: May 03, 2024 08:25 AM

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Shaggy's Grocery Store shows sales revenue (exclusive of GST) of $235000 for the year. Shaggy's GST taxable

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First find the total amount of GST paid on taxable expenses by multiplying ... View the full answer

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