A firm purchase goods worth shillings 1000000 and sells them at a mark-up of 25%.the prices are exclusive of vat at the standard rate of 16%.calculate the value of vat payable
John jumbo works as a financial planning assistant in nyakati financial consultant where he earns a yearly gross pay of shillings 178345.during the year, paid monthly life insurance premiums of shillings 35000 for himself. How much insurance relief did he claim for the year.
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