Sales tax on equipment is not part of the acquisition cost and should not be capitalized.（）

A business is registered for sales tax. The sales tax rate is 20%. Sales (including sales tax) for the period are $37,200 and purchases (excluding sales tax) are $19,600. What is the balance on the sales tax control account？

A、$3,920

B、$6,200

C、$3,760

D、$2,280

Jack Co is registered for sales tax and the standard rate of sales tax is 20%. In August 20X9, sales and purchases were as follows: l Sales of $300,000 before sales tax; these items are subject to sales tax at the standard sales tax rate l Sales of $80,000 before sales tax; these items are zero-rated l Purchases of $128,000 before sales tax,; these items are subject to sales tax at the standard sales tax rate What is the net amount due to or reclaimable from the tax authorities in respect of these transactions？

A、$44,000

B、$34,400

C、$52,000

D、$60,000

000 and taxable inputs, net of sales tax, of $72.000. If the rate of sales tax is 10%, how much sales tax is due？

A、$1,800 receivable

B、$2,000 receivable

C、$1,800 payable

D、$2,000 payable

The merit of a sales tax is that it decreases government reliance on income taxes.

A．outcome

B．supply

C．virtue

D．balance

Business is registered for sales tax and the rate of sales tax is 20%. In August 20X7 a company sold goods at standard sales tax rate with a net value of $230,000 and goods at zero sales tax rate with a net value of $10,000. The net purchases in August 20X7, which were all subject to sales tax, were $145,000. There is an opening credit balance of $24,000 on the sales tax control account. Payments of $18,000 were made to the tax authorities during the period. What is the closing liability on the sales tax account at the end of the period？

A、$42,167

B、$23,000

C、$31,167

D、$16,625