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Assume that a product has the following three stages of production: Production Stage Selling Price 10 1 2 250 3 1,500 If the value-added tax

Assume that a product has the following three stages of production: Production Stage Selling Price 10 1 2 250 3 1,500 If the value-added tax (VAT) rate is 20 percent, what would be the VAT over all stages of production? Select one: A. 90 B. 120 C. 300 D. 225

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