What is the incremental vat at stage 2 of production

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Reference no: EM132499648

Assume that a product has the following three stages of production:

Stage 1: $400

Stage 2: $600

Stage 3: $1,400

If the value-added tax (VAT) rate is 15 percent, what is the incremental VAT at Stage 2 of production?

Reference no: EM132499648

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