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Island Tours Inc. earned $80,000 in revenue and paid $45,000 in operating expenses. If Island Tours elects to use the quick method, how much is

Island Tours Inc. earned $80,000 in revenue and paid $45,000 in operating expenses. If Island Tours elects to use the quick method, how much is the net HST remittance? (Island Tours is in a province with 13% HST and an 8.8% remittance rate.)

Multiple Choice

$3,080
$4,550
$6,740
$7,040

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