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Topic: Taxation please ignored what is written there, thank you. VAT rate: 12% assumption: Goods A, operates a convenience store. The data is as follows(Net
Topic: Taxation
please ignored what is written there, thank you.
VAT rate: 12%
assumption: Goods A, operates a convenience store. The data is as follows(Net of VAT) JAT, Sales of processed food - 280,000 33-67 Sales of non-food items - 220.000 2647 # Purchase of processed food items- 100,000 val Purchase of non food item. 80,000 Salaries of helpers - 48,000X by ex 1. The OPT Due A. 15,000 B. 32,000 C. 50,000 D. 27,200 e. none of the choices 2. Using the preceding number, if A opted to registered as Vat taxpayer. The VAT due is A. 15,000 B. 32,000 C. 38,400 D. 27,200 e. none of the choicesStep by Step Solution
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