Ahmed [retailer] buys machinery from the wholesaler at OMR 2000 and Ali [wholesaler] charges a sales tax
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Question:
Ahmed [retailer] buys machinery from the wholesaler at OMR 2000 and Ali [wholesaler] charges a sales tax at the rate prescribed rate of 8%. The retailer sold the same machinery to Khalifa [customer] at OMR 2500 and charges sales tax at 11%. Apply the VAT system of sales tax. Find the output tax for the wholesaler
Related Book For
Financial Theory and Corporate Policy
ISBN: 978-0321127211
4th edition
Authors: Thomas E. Copeland, J. Fred Weston, Kuldeep Shastri
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