Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An Ontario business has total revenues of $50,000 for a period. Revenues from Quebec customers represented $18,000. Revenues from Alberta customers represented $6,000. The balance

image text in transcribed
An Ontario business has total revenues of $50,000 for a period. Revenues from Quebec customers represented $18,000. Revenues from Alberta customers represented $6,000. The balance was from Ontario customers. The business has an ITC claim of $3,200. How much HST does the business have to remit for the period? (a) $3,250 (b) $3,300 (c) $50 (d) None of the above

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

Accounting Information Systems Connecting Careers Systems And Analytics

Authors: Arline A. Savage, Danielle Brannock, Alicja Foksinska

1st Edition

1119744474, 9781119744474

More Books

Students also viewed these Accounting questions

Question

=+d) Is the association strong? Explain.

Answered: 1 week ago