Japer Ltd is a retailer and has the following transactions in the quarter ended 31st March 2022 Supplies made EXCLUDING VAT (amounts in 000's) Standard rated 345 Zero rated 56 Exempt 124 Input Tax paid, attribute to : Standard rated supplies 31 Zero rated supplies 9 Exempt supplies 20 Unattributable 12 HOW MUCH INPUT TAX CAN JASPER LTD RECOVER FOR THE QUARTER ENDED 31 ST MAR 2022 A.40 B.49240 C.52 D.72

Japer Ltd is a retailer and has the following transactions in the quarter ended 31st March 2022 Supplies made EXCLUDING VAT (amounts in 000's) Standard rated 345 Zero rated 56 Exempt 124 Input Tax paid, attribute to : Standard rated supplies 31 Zero rated supplies 9 Exempt supplies 20 Unattributable 12 HOW MUCH INPUT TAX CAN JASPER LTD RECOVER FOR THE QUARTER ENDED 31 ST MAR 2022 A.40 B.49240 C.52 D.72

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter22: S Corporations

Section: Chapter Questions

Problem 16CE

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Question

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Japer Ltd is a retailer and has the following transactions in the quarter ended 31^st March 2022

Supplies made EXCLUDING VAT (amounts in 000's)

Standard rated 345

Zero rated 56

Exempt 124

Input Tax paid, attribute to :

Standard rated supplies 31

Zero rated supplies 9

Exempt supplies 20

Unattributable 12

HOW MUCH INPUT TAX CAN JASPER LTD RECOVER FOR THE QUARTER ENDED 31 ST MAR 2022

A.40

B.49240

C.52

D.72

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