PART B4. Wines R Us (operating as a company) is a wholesale of wines, distributing wines toretailers. In the December quarter their total wine sales were $760,500 (includingGST & WET)Calculate the WET payable and complete the BAS extractshow your workingsSummaryIf you are using GST Option 3 leave 1B, 1C, 1D, 1E, 1F blankAmounts you owe the Tax OfficeGST on salesor GST instalment1A $00Wine equalisation tax 1C $DQLuxury car tax 1E $PAYG tax withheldPAYG income tax 5A $instalmentFBT instalment 6A $Deferred company/fund7instalment1A +1C + 1E + 4 + 5A+ 6A + 78A $%24%244.

WET is the acronym of wine equalization tax which is charged on the supply of wines it is a sort of…

Answered: total wine sa Calculate the WET payable…

Business

Accounting

total wine sa Calculate the WET payable and complete the BAS extract Summary

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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