In the quarter ended 31 March 20X2, C had sales taxable outputs, net of sales tax, of $90,000 and taxable inputs, net of sales tax, of $72,000. If the rate of sales tax is 10%, how much sales tax is due? A $1,800 receivable B $2,000 receivable C $1,800 payable D $2,000 payable

SWFT Individual Income Taxes
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ISBN:9780357391365
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Chapter18: Accounting Periods And Methods
Section: Chapter Questions
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In the quarter ended 31 March 20X2, C had sales taxable outputs, net of sales tax, of $90,000 and taxable

inputs, net of sales tax, of $72,000.

If the rate of sales tax is 10%, how much sales tax is due?

A $1,800 receivable

B $2,000 receivable

C $1,800 payable

D $2,000 payable

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