There are three production stages required before a bicycle produced by Masi Bicicletia S.A. can be sold at retail for €4,500. The VAT rate is 15%. Find the total tax liability due. 
Definitions:
Linkage
The connection or relationship between two or more factors, objects, or systems.
Period Costs
Expenses that are not directly tied to the production of goods and are expensed in the period they are incurred.
Individual Sales
Individual Sales refer to transactions and revenue generated from selling products or services on a per-unit or single-transaction basis.
Matching Principle
An accounting principle that requires expenses to be matched with the revenues they help to generate in the same accounting period.
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