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QUESTIONS: 1. Moon Realty, a VAT registered company is leasing its 20-door residential-commercial apartment in the following manner: The 1* 10 units are being used

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QUESTIONS: 1. Moon Realty, a VAT registered company is leasing its 20-door residential-commercial apartment in the following manner: The 1* 10 units are being used by commercial establishment and being rented for AED 13,200 per month while at the back is another 10-Door apartment being used as residential and being rented for AED 8,000 per month per door. The company for the last month incurred expenses based on actual receipts in the amount of AED 60,000 of which AED 49,000 comes from VAT registered suppliers. Based on the above data, compute the following: (5%) a. output tax for last month b. Input tax for last month S, VAT Payable (remittable) for last month

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