Multiple Choice
Blue Co. earned $80,000 in revenue and paid $45,000 in operating expenses. If Blue Co. elects to use the quick method, how much is the net HST remittance? (Blue Co. is in a province with 13% HST and an 8.8% remittance rate.)
A) $3,080
B) $4,550
C) $6,740
D) $7,040
Correct Answer:
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