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  3. in about 100 words, explain how a value-added tax

In about 100 words, explain how a value-added tax (VAT) is calculated and collected. In...

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Accounting

In about 100 words, explain how a value-added tax (VAT) is calculated and collected. In your answer, contrast the use of a VAT with the use of a combined system of sales taxes and income taxes.

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