i have been given this Question ( ill paste it below ) and I don’t know where to start. i know there are other answers but they don’t make sense hoping there may be another way to answer this one.
Task 1 – Scenario
A business activity statement allows a business to calculate obligations, allowing a single payment or refund for each reporting/ payment period, across the taxes. If in a quarterly reporting/ payment period, a business had:
a GST credit of $15 000
a PAYG instalment liability of $6000,
a PAYG withholding liability of $1500, and
an FBT liability of $1000
Would the business need to make any payments?
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