Pedro, CPA practitioner, signified his intention to be taxed at 8% on his sales/receipts and other income. His records show the following for the year 2019:

SalesInput VAT paid

January250,000 10,000

February250,000 12,000

March250,000 8,000

April250,0009,000

May250,000 10,000

June250,0007,000

July250,0005,000

August250,0005,000

September250,000 10,000

October1,000,000 40,000

November1,000,000 50,000

December1,000,000 50,000

Required:

1. Can Pedro avail the 8% tax during the year?
2. How much is the VAT liability of Pedro?