When a retailer makes a sale to a customer, the amount of GST that needs to be remitted to the Australian Taxation Office from the sale is determined by taking the total sale amount including GST and:
A) multiplying by 11.
B) dividing by 11.
C) subtracting 10%.
D) adding 10%.

Question

Quizplus · Accepted Answer

To calculate the amount of GST levied, the total selling price including GST is divided by 11.

When a Retailer Makes a Sale to a Customer, the Amount