twan525 twan525

06-06-2024
Business

Answered

Cyn's Fine Winery is a winery in the Hunter Valley of NSW and operates a cellar door selling wine direct to the public. In the December quarter, it made sales of $83,115 including GST and WET. Cyn's Fine Winery uses the half retail price method for calculating its WET liability. What amount of WET is reported and payable on the December BAS?
a. $12,051
b. $10,959
c. $8,311
d. $24,103

Answer :

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