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Jan Jolly Operates a Service Business in New Brunswick Required:
Determine Jan's Net HST Remittance Using the Simplified Method

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Essay

Jan Jolly operates a service business in New Brunswick.The company's 2020 financial information includes the following:
 Revenue $55,000 General and administrative expenses $25,000 Meals and entertainment $3,000 New furnishings $8,000\begin{array}{|l|r|}\hline \text { Revenue } & \$ 55,000 \\\hline \text { General and administrative expenses } & \$ 25,000 \\\hline \text { Meals and entertainment } & \$ 3,000 \\\hline \text { New furnishings } & \$ 8,000 \\\hline\end{array}
Required:
Determine Jan's net HST remittance using the simplified method.
Round all amounts to zero decimal places.


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