Document1 - Word (Product Activation Failed) References Mailings Review Tell me what you want to do View + ALT Aa E.EE | 11 No Spac.. Heading 1 Heading 2 11 Normal Title aby. A Styles Paragraph Mr. Mohammed a Wholesaler buys an Air Conditioner from the Sunlight manufacturing company at RO 400 and pays VAT at the prescribed rate of 15%. Al Maha LLC, a retailer buys an AC from the wholesaler at RO 500 and the wholesaler charges VAT at the prescribed rate of 15%. The retailer fixes the price at RO 550 and charges VAT at the same rate. Mr. Abdul, a customer buys the AC from the Al Maha LLC. a) What is the price including VAT that Mr. Abdul has to pay to buy the AC? b) Find out amount of input tax and output tax for the retailer and wholesaler. c) How much VAT do the retailer and wholesaler pay to the government? d) Discuss the outcome if input tax is more than output tax e) What do you mean by tax and how the tax amount is used for public welfare? (Ctrl) tates