VAT lottery

Father earns 1088 euro a month, mother 925 euro per month. Calculate what amount they paid as value added tax (VAT) to the government if the VAT rate is 20%. Assume that the family will spend their entire monthly income.

Correct answer:

VAT =  402.6 Eur

Step-by-step explanation:

q=20%=20100=0.2 VAT=x=q (1088+925)=0.2 (1088+925)=20135=20135 Eur=402.6 Eur



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