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Compute the VAT payable

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Reference no: EM132742114

Problem - A manufacturing subcontractor generated the following receipts for various clients:

Receipts from PEZA locator P4,000,000

Receipts from Non-PEZA locators 1,000,000

Input VAT traceable to PEZA clients 100,000

Input VAT traceable to non-PEZA locators 50,000

Input VAT on general operations 60,000

Required - Compute the VAT payable.

Reference no: EM132742114

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