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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

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

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