Question
Scorching Motors sells a fuel-efficient luxury car to Joel for an 'all up' price of $102,000, including GST (10%) and Luxury Car Tax (33%). This
Scorching Motors sells a fuel-efficient luxury car to Joel for an 'all up' price of $102,000, including GST (10%) and Luxury Car Tax (33%). This price does not include stamp duty, registration or compulsory third party insurance.
Calculate:
1. The LCT (using the 2018-19 threshold amount); and
2. The GST Scorching Motors must pay on this sale (record calculations and your answer below).
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Essentials Of Forensic Accounting
Authors: Michael A Crain, William S Hopwood,
1st Edition
1941651100, 978-1941651100
