Exempt Supplies $5,000,000 The GCT threshold is $10,000,000. Which of the following statement is correct? Time left 1:06:21 •a. BDF limited taxable has exempt supplies. The company is not required to register for VAT. Ob. BDF limited taxable supplies is $7,000,000. The company is not required to register for VAT. O c. BDF limited total supplies is $9,000,000. The company is required to register for VAT. d. BDF limited total supplies is $15,000,000. The company is required to register for VAT.Clear my choice

Exempt Supplies $5,000,000 The GCT threshold is $10,000,000. Which of the following statement is correct? Time left 1:06:21 •a. BDF limited taxable has exempt supplies. The company is not required to register for VAT. Ob. BDF limited taxable supplies is $7,000,000. The company is not required to register for VAT. O c. BDF limited total supplies is $9,000,000. The company is required to register for VAT. d. BDF limited total supplies is $15,000,000. The company is required to register for VAT.Clear my choice

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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ABC Pte Ltd incurred staff costs of $800,000 which comprise staff salaries of $500,200, transport allowances of $100,000, medical expenses of $22,300 and directors’ fees of $177,500. The company has implemented the portable or transferable medical schemes. What is the amount of deductible medical expenses for ABC Pte Ltd? Question 11 options: 1) $6,002 2) $16,000 3) $15,554 4) $12,004
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