2 Transitional Input VAT How much is the Output VAT?* RTT opt to register to VAT on its 3rd year of operation Beginning Inventory (including vat of 5,005) 250,000.00 Sales (VAT inc) 4,200,000.00 Purchases (VAT Exc) 2,500,000.00 450,000 504,000 480,000 Other: 1 point How much is the VAT Payable? * RTT opt to register to VAT on its 3rd year of operation Beginning Inventory (including vat of 5,005) Sales (VAT inc) Purchases (VAT Exc) 195,000 250,000.00 4,200,000.00 2,500,000.00 198,995 144,995 Other: 1 point