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wered of stion . During the current financial year, 'Pick-A-Punnet' - a family-run, strawberry farming business in NSW, recorded the following activities: Sales of freshly

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wered of stion . During the current financial year, 'Pick-A-Punnet' - a family-run, strawberry farming business in NSW, recorded the following activities: Sales of freshly picked strawberries: $55,000 Sales of strawberry ice cream: $220,000 It also recorded the following outgoings: $22,000 was spent on farming supplies used for growing the strawberries such as fertiliser, pesticides, seedling pots etc $55,000 was spent on employee wages Answer the following questions. You must show calculations and refer to law where relevant: 1. How much GST is payable on the sale of the strawberries? (2.5 marks) 2. How much GST is payable on the sale of the ice cream? (2.5 marks) 3. How much can the taxpayer claim any input tax credits in respect of the farming supplies? (2.5 marks) 4. How much can the taxpayer claim any input tax credits in respect of the wages? (2.5 marks)

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