Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A business providing taxable services in B.C. has $180,000 in annual revenues. If the GST eligible expenses are $40,000, then calculate the GST Liability following

A business providing taxable services in B.C. has $180,000 in annual revenues. If the GST eligible expenses are $40,000, then calculate the GST Liability following the Quick Method. Also provide the GST filing and payment deadlines as applicable to the 2020 year-end, assuming that the business is a proprietorship and all of the provided figures are pre-GST.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Informatics An Information Based Approach To Asset Pricing

Authors: Dorje C Brody, Lane Palmer Hughston, Andrea Macrina

1st Edition

9811246483, 978-9811246487

More Books

Students also viewed these Finance questions

Question

What do you like most about the organization?

Answered: 1 week ago