Calculate excise tax, VAT for cigarettes in EU. If Retail Selling Price (including all taxes) 3.80eur...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Calculate excise tax, VAT for cigarettes in EU. If Retail Selling Price (including all taxes) 3.80eur per 20cig pack VAT 21% ● Excise duty EUR 85.90 per 1000 cigarettes Excise duty tax 35% of the weighted average retail selling price Calculate excise tax, VAT for cigarettes in EU. If Retail Selling Price (including all taxes) 3.80eur per 20cig pack VAT 21% ● Excise duty EUR 85.90 per 1000 cigarettes Excise duty tax 35% of the weighted average retail selling price
Expert Answer:
Answer rating: 100% (QA)
To calculate the excise tax and VAT for cigarettes in the EU we can use the given information 1 Calc... View the full answer
Related Book For
Posted Date:
Students also viewed these law questions
-
If you want to live on the equivalent of $100,000 per year (in today's term) how much money will you need 25 years from now, at 3.5% inflation? O 199.009.00 O 236,324.00 O288,011.00 274,917.00...
-
In the United States, each state government can impose its own excise tax on the sale of cigarettes. Suppose that in the state of North Texarkana, the state government imposes a tax of $2.00 per pack...
-
John works in a factory as a Quality Expert and is responsible for doing quality product testing before the finished products are sent to the customers. John takes a sample of 10 from a batch of 1000...
-
What is the difference between inherent risk and residual risk?
-
How does budgeting fit into your financial plan? How is your financial plan affected by your spending? What is the budgeting trade off?
-
Northern Group, Inc., is a Wisconsin corporation that contracts with manufacturers and suppliers to develop marketing strategies and promotions to third-party retailers. In exchange for these...
-
Milner Manufacturing uses a job order cost accounting system. On May 1, the company has a balance in Work in Process Inventory of $3,200 and two jobs in process: Job No. 429 $2,000, and Job No. 430...
-
If the input is 3210, what is output? Start x = Get next input TRUE x>0 Put 2 x to output FALSE Put to output End
-
Dry Quick (DQ) is a medium-sized, private manufacturing company located near Timmins, Ontario. DQ has a June 30 year-end. Your firm, Poivre & Sel (P&S), has recently been appointed as auditors forDQ....
-
Are there any benefits of having new employees when compared to retaining old ones?
-
According to the terms of As will, the city is to become the owner of an apartment building. The net income from the building is to be used to provide bonus awards to public safety employees who are...
-
The Charles Vernon Eames Community Service Center is a nongovernment VHWO financed by contributions from the general public. During 20X5, unrestricted pledges of $900,000 were received, half of which...
-
What are the characteristics of a term bond? a. Term bonds may not exceed 15 years. b. Principal and interest on the entire principal are paid throughout the life of the issue. c. Interest is paid on...
-
Assume for Questions 5 through 9 that the state of Exuberance issued $10,000,000 of 5%, 20-year refunding bonds in 20X5 at par. If the state placed the $10,000,000 in an irrevocable trust as in item...
-
Define the following interfund transaction terms and explain how each is accounted for and reported by a municipality: (a) interfund reimbursement, (b) interfund loan, (c) interfund services provided...
-
Using the Sensitivity Analysis Report below, what is the optimal objective function value for this problem? Adjustable Cells Cell Name Solution $B$12 Product 0 -10.2 1 Solution $C$12 Product 4 0 2...
-
31. What is the income that can be received over 15 years from $500,000 earning 6% annually? 32. What is the semiannual payment required to retire $50,000 in debt over 5 years at 8% compounded...
-
Study the four accompanying diagrams. Consider the following statements and indicate which diagram matches each statement. Which variable would appear on the horizontal and which on the vertical...
-
In Transylvania the basic income tax system is fairly simple. The first 40,000 sylvers (the official currency of Transylvania) earned each year are free of income tax. Any additional income is taxed...
-
A survey indicated that chocolate is Americans' favorite ice -cream flavor. For each of the following, indicate the possible effects on demand, supply, or both as well as equilibrium price and...
-
In July 2006, the International Brotherhood of Teamsters, Local Union 25, filed two petitions and held an election for a collective bargaining representative at two FedEx locations. However, FedEx...
-
The trustee calculated Millers current monthly income to be \($6,601.91.\) The disagreement stemmed from a paycheck Miller received on October 10, 2013, in the amount of \($2,942.66,\) for wages that...
-
Miller filed for Chapter 7 bankruptcy protection on April 26, 2013. Based upon the filing date, the period for determining Millers current monthly income was October 1, 2012, through March 31, 2013....
Study smarter with the SolutionInn App