Question
Eastern Landscaping Supplies Pty Ltd mines sand and have a GST turnover of more than $20 million dollars. Due to this they must report
Eastern Landscaping Supplies Pty Ltd mines sand and have a GST turnover of more than $20 million dollars. Due to this they must report and pay GST monthly. Eastern Landscaping's records show that they used $512,000 of diesel at $1.42 per litre for the month of June 2018. The diesel they use in their excavators are eligible for fuel tax credits. The relevant Fuel Tax Credit rate for the mining industry is 40.30 cents. Calculate the Fuel Tax Credit for Eastern Landscaping Supplies Pty Ltd.
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Managerial Economics
Authors: Mark Hirschey
12th edition
9780324584844, 324588860, 324584849, 978-0324588866
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