Taxation worksheet 1) Jane went to the Spa Treatment Centre and paid $5000 for a session. This price does not include GCT but includes a mark up of 15 %. Caculate the: a) amount that the Spa should collect from Jane for GCT b) cost price for the service c) amount of the mark-up Assuming that the $5000 is inclusive of the GCT then caculate: i) ii) iii) amount of GCT payable cost price for the service Amount of mark-up 2) First rate Supermarket during the month of February 2020 bought $2,000,000 of standard rated goods, $250,000 worth of zer rated items and paid $40,000 for services. During the month their sales including GCT were $4,500,000. The supermarket regular mark-up is 25%. Calculate the GCT Payable. Complete The GCT Return for the Month of February 2020 for First Rate Supermarket. Assume that there was no brought forward figure.