The following are the income and expenses for 2020 of Stacy Green, a real estate agent, and a single mom of a 6 year old son. Stacy operates her real estate business in Ontario, where the HST rate is 13%.

If she uses the Simplified Method for calculating her HST, the rate used on her purchases is 13/113. If she uses the Quick Method, the rate for Ontario is 8.8% on gross sales, with a 1% credit on Sales of $30,000.

Stacy teaches part-time at a college, for which she received a salary Stacy has provided you with the following data/information

Commission Income (including HST) Salary (from part-time job)

Expenses (including HST) Travel

Advertising

Meals % Entertainment Salaries

Dues & Subscriptions Accounting fees

Cell phone

Office Expenses

407 ETR Toll road charge Car Rental

Commission expenses Private Health plan premiums Childcare expenses

Automobile expenses (excluding HST)

Gas

Repairs & Maintenance

Car Insurance

Parking

Motor Vehicle License Depreciation

197,750.00 6,000.00

1,695.00 5,085.00 3,390.00 4,294.00 2,825.00

734.50 3,955.00 3,616.00 3,672.50

282.50 10,283.00 1,695.00 5,000.00

7,345.00 2,825.00

4,407.00 197.75 120.00 550.00

Note: Stacy drove a total of 35,000 kms for the year, of which 24,500 was for business purposes

Home Office expenses (excluding HST)

Electricity Heat

Insurance

2,400 3,360

1,500

Property taxes Mortgage Interest Security monitoring

6,850 9,275 360

Note: Stacy uses a 100 sq ft room in her 3,100 sq ft home as her office

a) Compute Stacys HST payable or recoverable, using the Quick Method

b) Compute Stacys HST payable or recoverable, using the Simplified Method