1a	Meredith & John own a computer sales and repair shop in British Columbia . Over a 3 month period their revenues were $184900.
i	How much GST was collected during the period? (GST rate = 5%)
ii	If they purchased products and services costing $55750. How much GST did they pay?
iii	What amount were they required to remit to the government for the period?				3

1b	They sold a HP Sprout 23 Touchscreen Desk top computer for $2499.97 plus GST (5%) and PST{ 7%).
i	What is the total price the consumer must pay for this computer?				1
ii	What would the consumer in Ontario (HST 13%) have to pay for the same computer				1
iii	What is the difference in paid by the resident of BC and of Ontario?				1

The town in which their store is located town has a total commercial property assessment of $986,589,765. It initially estimated that $69750500 must be raised through commercial taxation to meet expenditure
				What tax rate per $1000 must be set to raise the $69750500

ii

The store is assessed at $65950. What are the property taxes for this property.

iii

If an additional $4,000,000 must be raised, what is the increase in the tax rate required to meet the additional expenses?

1

iv

How much additional property taxes will the owners of $65950 store property have to pay?

1