Kenichi Tajima cames on a retail clothing business as a sole proprietor in Saskatchewan, a non-participating province. The provincial sales tax is 6% This store uses the simplified method of accounting for ITCs. The store had Tully taxable purchases of $180,000 and purchased capital property (not including real property) with a cost of $5,000. Both amounts include PST and GST To the nearest dollar, what amount of ITC is Mr. Tajima able to claim? 4 OA. SO B. $8,333 OC. $9,250 OD. $8,810

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Kenichi Tajima cames on a retail clothing business as a sole proprietor in Saskatchewan, a non-participating province. The
provincial sales tax is 6% This store uses the simplified method of accounting for ITCs. The store had Tully taxable
purchases of $180,000 and purchased capital property (not including real property) with a cost of $5,000. Both amounts
include PST and GST To the nearest dollar, what amount of ITC is Mr. Tajima able to claim? 4
OA. SO
B. $8,333
OC. $9,250
OD. $8,810
Transcribed Image Text:Kenichi Tajima cames on a retail clothing business as a sole proprietor in Saskatchewan, a non-participating province. The provincial sales tax is 6% This store uses the simplified method of accounting for ITCs. The store had Tully taxable purchases of $180,000 and purchased capital property (not including real property) with a cost of $5,000. Both amounts include PST and GST To the nearest dollar, what amount of ITC is Mr. Tajima able to claim? 4 OA. SO B. $8,333 OC. $9,250 OD. $8,810
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