Australia Question 3:

A doctor operates a medical practice. However, he also has a second business, whereby he also operates a charter fishing boat. The doctor is registered for GST for both businesses.

The following information relates to his two businesses for the quarter ended 30 June 2018.

Where applicable, amounts shown below are inclusive of GST.

$

Receipts:

Gross income from patient consultations 125,000

Gross income from charter boat business 44,000

Franked dividends 5,500

Income from managed fund 2,200

Gross proceeds from sale of dental equipment used in the business 1,100

Payments:

Purchase of new computer for doctors surgery 3,300

Wages and superannuation paid to nurse and receptionist 65,000

Depreciation expense on medical equipment 4,600

Rent, electricity & telephone expenses relating to medical surgery 22,000

Bank charges on business bank account 550

Fresh fruit and salad and vegetables for catering on the charter boat 2,750

Cold chicken and fresh bread for catering on the charter boat 660

Fuel and repairs and maintenance relating to charter boat 7,700

Management fee charged by financial planner for managed fund investment 3,300

Required:

What is the net GST payable to the ATO for the quarter ended 30 June 2018?

You can assume that the taxpayer holds valid tax invoices for all relevant payments.