Q10: Mr. Abdul Khan a Wholesaler buys a Washing Machine from the LG manufacturing company at RO 300 and pays VAT at the prescribed rate of 15%. Extraa, a retailer buys a Washing Machine from the wholesaler at RO 350 and the wholesaler charges VAT at the prescribed rate of 15%. The retailer fixes the price of Washing Machine at RO 420 and charges VAT at the same rate. Ms. Fatma, a customer buys the Washing Machine from the Extraa retailer. (50*1M=5 Marks) a) What is the price including VAT that Ms. Fatma has to pay to buy the Washing Machine? b) Find out amount of input tax for the retailer and wholesaler. c) Find out amount of output tax for the retailer and wholesaler. d) How much VAT does the retailer pay to the government? e) VAT is better than sales tax system. Discuss analytically