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Miss Daisy Lilly Rose runs a florist which sells a variety of specialised plants and housewares. For the quarter ended 30 June 2020 Miss Rose

Miss Daisy Lilly Rose runs a florist which sells a variety of specialised plants and housewares.

For the quarter ended 30 June 2020 Miss Rose has the following sales (inclusive of GST):

$

Sales of flowers and plants 154,000

Sales of housewares 8,900

Expenses (exclusive of GST)

Purchase of fresh flowers 33,300

Purchase of housewares 21,500

Purchase of new computer for the business 5,400

Wages to part-time staff 7,000

Interest on loan used to purchase new computer 390

Telephone expenses 1,500

Required:

Calculate Miss Roses GST payable or refundable for the quarter. Miss Rose also had a commercial property from which she received rent of $10,000, exclusive of GST and paid management fees of $1,100 and repairs of $550, both of which included GST for the quarter.

Answer must be done using Australia Tax law standards.

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