Question: SHOW COMPLETE SOLUTION Test I. Determine whether the following exciseable articles is subject to specific or ad valorem tax, it's corresponding excise tax and the

SHOW COMPLETE SOLUTION

SHOW COMPLETE SOLUTION Test I. Determine whether the following exciseable articles is

Test I. Determine whether the following exciseable articles is subject to specific or ad valorem tax, it's corresponding excise tax and the retail price/selling price/service fee (gross of VAT/excise tax). Specific/Ad Valorem Excise Tax RP/SP/Service Fee 1. Gilbey's Gin 750 ml, 90% proof, NRP of P 255.00 2. Tanduay Rhum, 375 ml 65% proof, NRP of P 94.50 3. Fundador, 500 ml 72% proof, NRP of P 369.50 4. Lagerlite, 750 ml 12% proof, NRP of P 210.00 5. 11,200 cigars packed by 30s 6. 1,500 kgs of uncut tobacco Leaves 7. 100 metric tons of quarry|| Resources 8. An automobile where the Selling price is P 500,000 9. A diamond ring worth P 60,000 10.100 pcs of Aqua de Gio perfume imported at P 200K 11. Red Horse Beer, 350 ml, NRP of P 51.00. 12. Diesel fuel oil, 1000 liters sold for P 42.00 13. LPG, 37.5 kg tank of 1,000 units Sold for P 700/tank 14. 2 sessions of Botox injection performed by surgeon, PF of P 5,000/shot 15. 10 units of Expander car sold for P 1.2M Test I. Determine whether the following exciseable articles is subject to specific or ad valorem tax, it's corresponding excise tax and the retail price/selling price/service fee (gross of VAT/excise tax). Specific/Ad Valorem Excise Tax RP/SP/Service Fee 1. Gilbey's Gin 750 ml, 90% proof, NRP of P 255.00 2. Tanduay Rhum, 375 ml 65% proof, NRP of P 94.50 3. Fundador, 500 ml 72% proof, NRP of P 369.50 4. Lagerlite, 750 ml 12% proof, NRP of P 210.00 5. 11,200 cigars packed by 30s 6. 1,500 kgs of uncut tobacco Leaves 7. 100 metric tons of quarry|| Resources 8. An automobile where the Selling price is P 500,000 9. A diamond ring worth P 60,000 10.100 pcs of Aqua de Gio perfume imported at P 200K 11. Red Horse Beer, 350 ml, NRP of P 51.00. 12. Diesel fuel oil, 1000 liters sold for P 42.00 13. LPG, 37.5 kg tank of 1,000 units Sold for P 700/tank 14. 2 sessions of Botox injection performed by surgeon, PF of P 5,000/shot 15. 10 units of Expander car sold for P 1.2M

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