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5. A Charity sells a painting worth $1,320, at a charity auction for $880. The GST collected will be (Charity is registered for GST)

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5. A Charity sells a painting worth $1,320, at a charity auction for $880. The GST collected will be (Charity is registered for GST) a) NIL charities are GST free b) $40 c) $120 d) $80 6 A charity receives donations of second-hand clothes. Determine the GST status of the following a) The donated clothing is sold b) The donated clothing is cut up and sold as rags

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