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Question 14 (1 point) Listen During a taxation period, Darcy Wholesalers purchased merchandise for $237000. Merchandise sales during this period totaled $424000 and the cost
Question 14 (1 point) Listen During a taxation period, Darcy Wholesalers purchased merchandise for $237000. Merchandise sales during this period totaled $424000 and the cost of the merchandise sold was 262000. Ignoring all other costs incurred by Darcy and assuming a rate of 5 percent, how much tax would be paid by Darcy under an account-based VAT system (net tax owing)? Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response. Your
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