Question 2 Calculate the Value-Added Tax (VAT) payable to / refundable by the South African Revenue Service (SARS) using the following information: Sales Cost of sales Machine purchased Salaries and...

Extracted text: Question 2 Calculate the Value-Added Tax (VAT) payable to / refundable by the South African Revenue Service (SARS) using the following information: Sales Cost of sales Machine purchased Salaries and wages R10,000 R4,000 R30,000 R2,500 Round off to the Nearest Rand and assume a VAT rate of 15%, where applicable. For every transaction, clearly indicate whether VAT is applicable or not. Question 3 Hewitt Enterprises is a business that buys and sells printers at a profit and has the following information available for the month of June 2020: • There were 100 printers in the warehouse on 1 June 2020. • On 10 June, 50 printers were bought from Printing Traders at R50 per printer. • Another purchase of 50 printers were made from the same company for the same price on 20 June. • 80 printers were sold during the month. The selling price for one printer is R90. Required Calculate the gross profit of Hewitt Enterprises for the month of June 2020. Ignore VAT.