VAT due at the rate of:
A. twelve percent (12%) of the gross payment thereof.
B. seven percent (7%) of the gross payment thereof.
C. five percent (5%) of the gross payment thereof.
D. four percent (4%) of the gross payment thereof.
Answer:C
VAT due at the rate of:
A. twelve percent (12%) of the gross payment thereof. B. seven percent (7%) of the gross payment thereof. C. five percent (5%) of the gross payment thereof. D. four percent (4%) of the gross payment thereof.