Question
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
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$3,080
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$4,550
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$6,740
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$7,040
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Top Accounting And Auditing Issues For 2023
Authors: CCH Tax Law Editors
1st Edition
0808059335, 978-0808059332
