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4. Wines R Us (operating as a company) is a wholesale of wines, distributing wines to retailers. In the December quarter their total wine
4. Wines R Us (operating as a company) is a wholesale of wines, distributing wines to retailers. In the December quarter their total wine sales were $760,500 (including GST & WET) Calculate the WET payable and complete the BAS extract show your workings Summary Amounts you owe the Tax Office GST on sales or GST instalment 1A $ Wine equalisation tax 1C S Luxury car tax 1E S PAYG tax withheld 4 $ PAYG Income tax 5A S instalment FBT instalment 6A $ Deferred company/tund 1A+1C+1E+4+5A instalment 7 $ +6A+7 8A S 5. Brian, a sole trader, who conducts a business growing olives and is registered for GST. His total fuel usage for April 2021 in operating his agricultural machines was 10,000 litres of petrol & diesel Calculate the Fuel Tax Credits [FTC] If you are using GST Option 3 leave 1B, 1C, 10, 1E, 1F blank 88888888
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