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-Refer to Exhibit 11-5 Which Summarizes the Situation Prior to the Value

Question 42

Multiple Choice

-Refer to Exhibit 11-5 which summarizes the situation prior to the value added tax (VAT) .If the government imposes a VAT rate of 10 percent,the miller must pay ___________ in VAT tax and will need to raise the price he charges the baker to _______________. A) $0.06; $0.66 B) $0.08; $0.88 C) $0.08; $1.54 D) $0.60; $1.20
-Refer to Exhibit 11-5 which summarizes the situation prior to the value added tax (VAT) .If the government imposes a VAT rate of 10 percent,the miller must pay ___________ in VAT tax and will need to raise the price he charges the baker to _______________.


A) $0.06; $0.66
B) $0.08; $0.88
C) $0.08; $1.54
D) $0.60; $1.20

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