it is all about taxation.

3. ABC Merchandising had the following data on operations for a month as a VAT- registered taxpayer: Php592,480.00 100.000,00 90,000.00 Sales, total invoice price Purchases of goods, VAT not included From VAT-registered persons From non-VAT-registered persons Purchases of services, VAT not included: From VAT-registered persons From non-VAT-registered persons From persons subject to percentage tax Salaries to employees Other operating expenses 18,000.00 10,000.00 8,000.00 50,000.00 15,000.00 This is the first month of being liable to VAT. Data on inventories at the beginning of the period follow Inventory at cost Php 40,000.00 At market 30,000.00 VAT paid on beginning inventory 500.00 Required: How much is the total input tax BEEZEE HOLISF In