An organization has recorded the following profit and expenses:
Profit before interest and tax -
$200,000
Sales -
$2,300,000
Purchases of materials -
$700,000
Interest expenses -
$30,000
If the value-added tax (VAT) rate is 20 percent and the corporate tax rate is 30 percent, which of the following is the amount of VAT that the organization has to pay?
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3 months, 2 weeks ago