Ms. Mary Rivers works in the province of Ontario where the HST rate is 13 percent. She is a photographer and, during the current year she records service revenue of $136,000. Rent for this period on her office and darkroom totals $29,450 and she pays an office assistant an annual salary of $21,300. Her capital expenditures during the period are for photographic equipment with a cost of $43,700 and computer hardware and software for $18,000. All amounts are before the addition of HST. She files her HST return on an annual basis and does not use the Quick Method.
Determine the net HST payable or refund for the year.

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The Answer of Ms. Mary Rivers works in the province of Ontario where the HST rate is 13 percent. She is a photographer and, during the current year she records service revenue of $136,000. Rent for this period on her office and darkroom totals $29,450 and she pays an office assistant an annual salary of $21,300. Her capital expenditures during the period are for photographic equipment with a cost of $43,700 and computer hardware and software for $18,000. All amounts are before the addition of HST. She files her HST return on an annual basis and does not use the Quick Method.
Determine the net HST payable or refund for the year.

Ms Mary Rivers Works in the Province of Ontario Where