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Calculate the wet payable by wonderful wines

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Reference no: EM133108425

Question - Wonderful Wines is a winery in the Clare Valley and operates a cellar door selling wine direct to the public. In the December quarter, it made sales of $87015.00 including GST and Wine Equalisation Tax (WET). Wonderful Wines uses the half retail price method for calculating its WET liability. Calculate the WET payable by Wonderful Wines on the December BAS. What is the WET payable?

Reference no: EM133108425

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