WebAccounting questions and answers This year, Bob’s employer provided him with an employer-owned automobile costing $34,500 (including HST) for 12 months. His kilometres for personal use were 15,000 out of a total of 20,000 kilometres. Operating costs paid by his employer during this year were $3,600 (including HST). WebAccounting questions and answers. The questions below are based on the following information: The cost of the automobile is $20,000 including HST. If the car is leased, the monthly lease payment is $500 including HST. The car is driven for a total of 26,000 km during 2024 and the operating costs for the year are $4,000. Assume the car is leased.
Harmonized Sales Tax (HST): Definition as Canadian …
WebAgreed with all above, but adding that it's not just "the first year". Except 10.1, are you claiming an ITC - don't include it in UCC. Not eligible for an ITC (because you're not registered or otherwise) - include in UCC. WebIf the car is leased, the monthly lease payment is $500 including HST. The. Q: Scott Bicycle Manufacturing Ltd. (SBM) is a Canadian controlled private corporation. Brian Mills, one of SBM's employees. Q: Hi, would you happen to have the solutions to the attached M/C questions? Please show your steps to the final answer if crypto mining gpu software
9 Lesser Known Tax Deductions, Expenses and Tax Tips
WebWhen to register for and start charging the GST/HST. Find out if you have to register and start charging the GST/HST. Open or manage an account. Register for, change, or close a GST/HST account. Charge and collect the tax. Determine which rate to charge, manage receipts and invoices, and learn what to do with the tax you collect. Complete and ... WebMar 23, 2024 · How the Sales Tax Decalculator Works. The Excel sales tax decalculator works by using a formula that takes the following steps: Step 1: take the total price and … WebApr 2, 2024 · Cheque Purchase Invoice #LG-35887 Dated April 2, 2024 From Lee Gull, $2 373, including HST, for legal fee to draw up legal waiver form for business. Paid by cheque #432. Create new Group expense account 5240 Legal Expenses. Use Quick Add for the new supplier. in sage 50 2024 where this entry will go? crypto mining guide