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A sales tax registered trader has recorded the following transactions during the accounting period. Included in purchases are the purchases of a motor car for $20,000, a photocopier for $8,000 and entertaining expenses of $5,000. Sales tax is not recoverable on the motor car or entertainment expenses. All figures are given inclusive of sales tax at 17.5%.How much input tax can be reclaimed by the trader? A $18,617 B $19,362 C $21,596 D $22,340 |