Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Shaggy's Grocery Store shows sales revenue (exclusive of GST) of $235000 for the year. Shaggy's GST taxable expenses were (exclusive of GST) $24750. With GST

Shaggy's Grocery Store shows sales revenue (exclusive of GST) of $235000 for the year. Shaggy's GST taxable expenses were (exclusive of GST) $24750. With GST calculated at 5%, how much should he remit to the government at the end of the year?








Step by Step Solution

3.40 Rating (153 Votes )

There are 3 Steps involved in it

Step: 1

First find the total amount of GST paid on taxable expenses by multiplying ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

More Books

Students also viewed these Finance questions

Question

Find an equation of the given line. Slope is -2; x-intercept is -2

Answered: 1 week ago

Question

Is your idea an opportunity? Explain.

Answered: 1 week ago

Question

=+1. What do the humanistic perspectives on personality emphasize?

Answered: 1 week ago