Hi every one
please assist me with this question and provide details as accurate as possible. Your assistance is highly appreciated in advance.
I am trying to work out my tax and GST. So i have a full time job and i started doing ride sharing just recently occasionally on weekends. My question is regarding how i calculate the tax and GST and how to use the $.85 per km deductions.
say i earn $100 per day feom ride share. How do i calculate the tax on this and how is GST calculated?
do i calculate the GST to be paid after the per KM deduction method of the total $100 then pay tax on the remaining or thats incorrect? Please assist me with an example as well.
thank you