A VAT taxpayer has the following data on its operations for the month of January:

Sales, total invoice price 592,480

Purchases of Goods, VAT not included

From VAT registered persons 100,000

From Non VAT registered persons 80,000

Purchases of Services, VAT not included

From VAT registered persons 20,000

From Non VAT registered persons 8,000

From persons subject to percentage taxes 10,000

Salaries of employees 60,000

Other operating expenses 12,000

This is the first month of being liable to VAT. Data on inventories at the beginning of the period brought from VAT registered persons follow:

Inventory at cost 44,800

Inventory at net realizable value 49,000

Value added tax paid on beginning inventory 4,800

Required:

1. Determine the amount of input taxes

2. Determine the VAT Payable