How much is the standard input vat and how much is the gain

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Vat sales to government

Sales to government           Sales           Input/Output

Sales to government             200,000          24,000

Purchases                         140,000               16,800

Problem 1: How much is the standard input VAT and how much is the gain or loss?

a) 14,000.00 and -2,800.00

b) 9,800.00 and -7,000.00

c) 16,800.00 and 0.00

d) None of the above

Reference no: EM132759852

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