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What is Taxis total annual HST liability

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Question - Taxi Inc. operates a small taxi service in Ontario only, where the HST rate is 13%. Taxi is an HST registrant and had $10,000 in annual revenue for 2019 before HST. Its expenses for 2019 were $500 for meals and entertainment and $1,000 to rent an office space (both before HST). What is Taxi's 2019 total annual HST liability?

a. $1,105.00

b. $1,137.50

c. $1,267.50

d. $1,300.00

Reference no: EM132558114

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