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Assume that a product has the following three stages of production: Production Stage Selling Price 1 1 0 2 2 5 0 3 1 ,

Assume that a product has the following three stages of production:
Production Stage
Selling Price
1
10
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?
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90
120
300
225

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