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Carmen owns a cornershop. During the 2020 tax year, Carmen bought trading stock worth $77,000 and sold trading stock worth $125,000. All items include GST.
Carmen owns a cornershop. During the 2020 tax year, Carmen bought trading stock worth $77,000 and sold trading stock worth $125,000. All items include GST. Required: Calculate how much GST Carmen must remit to the ATO at the end of the 2020 tax year
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