Chapter 5
KAPLAN PUBLISHING
83
Test your understanding 6
Valerie’s business is registered for sales tax purposes. During the
quarter ending 31 March 20X6,
she made the following sales, all of
which were subject to sales tax at 17.5%:
$10,000 excluding sales tax
$7,402 including sales tax
$6,745 excluding sales tax
$11,632 including sales tax.
She also made the following purchases all of which were subject to
sales tax at 17.5%:
$15,000 excluding sales tax
$12,455 including sales tax
$11,338 including sales tax
$9,870 including sales tax.
Do'stlaringiz bilan baham: