Question
If a retailer registered for GST has furniture sales totaling $44,000 and in the same tax period had purchases that were all creditable acquisitions of
If a retailer registered for GST has furniture sales totaling $44,000 and in the same tax period had purchases that were all creditable acquisitions of $20,900, what would the net amount of GST be that this retailer owes the ATO?
a. The net amount of GST owing to the ATO would be $3,100
b. The net amount of GST owing to the ATO would be $2,100
c. The net amount of GST owing to the ATO would be $2,000
d.The net amount of GST refundable by the ATO would be $1,100
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Discrete and Combinatorial Mathematics An Applied Introduction
Authors: Ralph P. Grimaldi
5th edition
201726343, 978-0201726343
