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gewusel gewusel
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6 years ago
Barb's Home Income Tax business operates only during tax season. Last season Barb grossed $38 790 including GST. During that season she spent $9500 before GST on her paper and supply purchases. How much does Barb owe Revenue Canada for GST?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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wrote...
6 years ago
Barb's revenue of $38 790 includes 5% GST.
GST taxable revenue =   = 36 942.86
GST collected = 5% of 36 942.86 = 1 847.14
GST paid = 5% of 9 500 = 475.00
Barb owes Revenue Canada $1847.14 - $475 = $1372.14
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