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Calculate the GST Scorching Motors must pay on this sale

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Reference no: EM132513313

Question - Scorching Motors sells a fuel-efficient luxury car to Joel for an 'all up' price of $102,000, including GST (10%) and Luxury Car Tax (33%). This price does not include stamp duty, registration or compulsory third party insurance.

Calculate -

1. The LCT (using the 2018-19 threshold amount); and

2. The GST Scorching Motors must pay on this sale.

Reference no: EM132513313

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