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Compute the percentage due for the month

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Problem 1: Rustico owns a small eatery near a trimobile parking area. Its annual gross receipts range from 400,000 to 450,000. In January, the gross receipts amounted to 27,500 while purchases of goods subject to VAT is 6,000 and not subject to VAT, 13,000. Compute the percentage due for the month if Rustico is not a VAT registered taxpayer.

Reference no: EM132728313

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