homas who lives in Vancouver purchased a piece of equipment from Australia for A$44,230. She was charged 11% duty, 5% GST, and 7% PST to import it. Calculate the total cost of the equipment. Assume that the exchange rate was C$1 = A$1.0291. Tax is charged on the price of the equipment after applying the duty. What was the total cost of the equipment?

homas who lives in Vancouver purchased a piece of equipment from Australia for A$44,230. She was charged 11% duty, 5% GST, and 7% PST to import it. Calculate the total cost of the equipment. Assume that the exchange rate was C$1 = A$1.0291. Tax is charged on the price of the equipment after applying the duty. What was the total cost of the equipment?

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter9: Taxation Of International Transactions

Section: Chapter Questions

Problem 27P

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