Sudbury Outdoor Wear sells a line of specialized clothing to customers in its local area. For the
Question:
Sudbury Outdoor Wear sells a line of specialized clothing to customers in its local area. For the calendar year 2019, the company sold $325,000 worth of clothing including HST. HST in Ontario is 13%. The company has elected to use the quick method of accounting for HST, and the applicable rate for Ontario is 8.8%. How much HST must the company send to the federal government for this year?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
College Accounting A Practical Approach
ISBN: 978-0134166698
13th Canadian edition
Authors: Jeffrey Slater, Debra Good
Question Posted: