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ABC XYZ DEF Sales a (1 mark) e(2 marks) i(2 marks) Tax Collected b (1 mark) f(2 marks) j(2 marks) Input Tax Credit c(1 mark)

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ABC XYZ DEF Sales a (1 mark) e(2 marks) i(2 marks) Tax Collected b (1 mark) f(2 marks) j(2 marks) Input Tax Credit c(1 mark) g(2 marks) k(2 marks) Net Amount d (1 mark) h(2 marks) |(2 marks) Review the invoices below paying attention to the address and taxes charged: ABC LIMITED 99 WESTON ROAD, TORONTO, M1Y 1M1 INVOICE TO: XYZ Limited, 898 Yonge Street, Toronto Ontario Inv Number: 0001 JANUARY 1, 2017 DESCRIPTION QUANTITY PRICE AMOUNT Widgets 4 $10,000 $40,000 SUB-TOTAL $40,000 GST-Federal $2,000 component @5% GST-Provincial $3,200 component @8% TOTAL $45,200 BUSINESS NUMBER: BN 6266931878RT0001 XYZ LIMITED 898 YONGE STREET, TORONTO, M5Y 1M5 INVOICE TO: DEF Limited, 180 Steeles Avenue W, Toronto Ontario Inv Number: 0101 JANUARY 5, 2017 DESCRIPTION QUANTITY PRICE AMOUNT Widgets 4 $12,000 $48,000 SUB-TOTAL $48,000 GST-Federal $2,400 component @5% GSTProvincial $3,840 component @8% TOTAL $54,240 BUSINESS NUMBER: BN 6256831878RT0001 DEF LIMITED 898 YONGE STREET, TORONTO, MY 1M5 INVOICE TO: Joe Nobody, Toronto Ontario Inv Number: 0101 JANUARY 10, 2017 DESCRIPTION QUANTITY PRICE AMOUNT Widgets 4 $15,000 $60,000 SUB-TOTAL $60,000 GST-Federal $3,000 component @5% GSTProvincial $4,800 component @8% TOTAL $67,800 BUSINESS NUMBER: BN 6266831878RT0001

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