Test I. Determine whether the following exciseable articles is subject to specific or ad valorem tax,...

 

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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 1.2 M 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 1.2 M

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SpecificAd Valorem Excise Tax RPSPService Fee Gilbeys Gin750 ml 90 proof NRP of P 25500 advalorem Ta... View the full answer