Question
A business had in a quarterly reporting/ payment period: a GST credit of $15,000 a PAYG instalment liability of $6,000 a PAYG withholding liability of
A business had in a quarterly reporting/ payment period: a GST credit of $15,000 a PAYG instalment liability of $6,000 a PAYG withholding liability of $1,500, and an FBT liability of $1,000 In these circumstances would the business need to make any payments to the ATO, and if not, why not?
The GST credit is greater than the taxation liabilities. Please calculate the amount of the refund.30 words
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Fundamental Managerial Accounting Concepts
Authors: Edmonds, Tsay, olds
6th Edition
71220720, 78110890, 9780071220729, 978-0078110894
