Q5: Solve the following 3 problems related to US, HJ, CULL UD. IVIUINS a. Meredith owns a flower shop in Ontario (Assume GST of 5%). Over a 3 month period her revenues from sales was $84900. i. How much GST did she collect? ii. If she purchased products and services costing her $25750. How much GST did she pay? Hii. What amount is she required to remit to the government for the period? b. A store located in British Columbia sold a desktop computer for $1688 plus GST (5%) and PST 7%). i. What is the total price the consumer must pay for this computer? ii. What would the consumer in Ontario (HST 13%) have to pay for the same computer? iii. What is the difference in paid by the resident of BC and of Ontario? Instructions Questions 1-11 HII - Type here to search C C. A town has a total residential property assessment of $985550000. It initially estimated that $57565000 must i. What tax rate (in %) per $1000 must be set to raise the $57565000? ii. What are the property taxes (S value) for a property assessed at $55750? iii. If an additional $3000000 must be raised, what is the increase in the tax rate required to meet the additional expenses? Calculate the new revised property tax rate (in %) iv. How much additional property taxes will the owner of $55750 property have to pay