The goods and services tax (GST) is a federal tax charged on the cost of almost all goods and services. GST-taxable goods and services are taxed at %. When Fred of Fred's Auto Repair tallied up his accounts at the end of the year, he found he had paid GST on parking fees of $2000, supplies of $55,000 utilities of $4000, and miscellaneous eligible costs of $3300. During this same time, he found he had charged his customers GST on billings that totalled $175,000 for parts and $165,650 for labour. How much GST must Fred send to the government?

The goods and services tax (GST) is a federal tax charged on the cost of almost all goods and services. GST-taxable goods and services are taxed at %. When Fred of Fred's Auto Repair tallied up his accounts at the end of the year, he found he had paid GST on parking fees of $2000, supplies of $55,000 utilities of $4000, and miscellaneous eligible costs of $3300. During this same time, he found he had charged his customers GST on billings that totalled $175,000 for parts and $165,650 for labour. How much GST must Fred send to the government?

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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