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Calculate the gst scorching motors must pay on this sale

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Reference no: EM133150905

Question - Scorching Motors sells a fuel-efficient luxury car to Joel for an 'all up' price of $106500, including GST (10%) and Luxury Car Tax (33%). This price does not include stamp duty, registration or compulsory third party insurance.

Required -

1. Calculate the LCT (using the 2018-19 threshold amount)?

2. Calculate the GST Scorching Motors must pay on this sale.

Reference no: EM133150905

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