Island Tours Inc.earned $80,000 in revenue and paid $45,000 in operating expenses.If Island Tours elects to use the quick method, how much is the net HST remittance? (Island Tours is in a province with 13% HST and an 8.8% remittance rate.)
A)$3,080
B)$4,550
C)$6,740
D)$7,040

Question

Quizplus · Accepted Answer

The Answer of Island Tours Inc.earned $80,000 in revenue and paid $45,000 in operating expenses.If Island Tours elects to use the quick method, how much is the net HST remittance? (Island Tours is in a province with 13% HST and an 8.8% remittance rate.)
A)$3,080
B)$4,550
C)$6,740
D)$7,040