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Gauteng Decor is a registered VAT vendor Inventory is sold at cost price plus 150% Gauteng Decor had the following transactions during February 20x12. VAT

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Gauteng Decor is a registered VAT vendor Inventory is sold at cost price plus 150% Gauteng Decor had the following transactions during February 20x12. VAT at 15% is included in all amounts, where applicable - Purchased goods on credit from Furniture Galore for R11 400 -Received R3 800 from debtor Karl - Cash sales R23 940 - Paid the salary of the manager, R40 000 The owner took goods that were purchased at R3 648 (VAT included), for personal use What is the VAT output for the month of February 20x12? R3 12261 R4 312 18 R4 807 83 R2 825.22

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