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 $280,000 worth of clothing before taxes. 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 4.4%. 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  book-img-for-question

College Accounting A Practical Approach

ISBN: 978-0134166698

13th Canadian edition

Authors: Jeffrey Slater, Debra Good

Question Posted: