TOPIC 7 – EXCISE TAX ON ALCOHOL PRODUCTS (QUIZ)

A shipment of 1,200 bottles of “Veterano Osborne’’ brandy arrived at Port of Manila. Each bottle had a volume capacity of 1,000 ml, 36% alcohol content and net retail price of P950.00 per bottle. How much is the total excise tax, inclusive of value-added tax?

• P259,338.24

• P231,552.00

• P180,576.00

• P50,976.00

A shipment of 400 cases of ‘’Red Label’’ whisky arrived at Port of Cebu. Each case contains 12 bottles with each bottle having a volume capacity of 70 cl. The degree of strength was 86 proof and net retail price of P490.00 per bottle. Determine the total ad valorem tax, exclusive of value-added tax.

• P615,484.80

• P444,998.40

• P170,486.40

• P689,342.98

A shipment of 250 cases of ‘’Bundaberg’’ rum arrived at Port of Davao. Each case contains 10 bottles with each bottle having a degree of strength of 74 proof and net retail price of P370.00. If each case shows volume capacity of 70 deciliters, how much is the total specific tax paid to BOC?

• P226,995.00

• P254,234.40

• P85,573.60

• P76,405.00

A shipment of 750 bottles of ‘’Chandon Brut Rose’’ sparkling wines arrived at Port of Cebu. Each bottle had a volume capacity of 75 cl, 14% alcohol content and net retail price of P900.00. Inclusive of value-added tax, how much is the total specific tax?

• P33,187.50

• P37,170.00

• P33,496.88

• P37,516.50

A shipment of 150 cases of ‘’Andre Clouet’’ champagne arrived at Port of Surigao. Each case contains 6 bottles with each bottle having a volume capacity of 7.5 dl. Each bottle had alcohol content of 12% and net retail price of P1,500.00 per bottle. How much is the specific tax per case, inclusive of value-added tax?

• P300.13/case

• P267.98/case

• P184.50/case

• P206.64/case

A shipment of 50 cases of ‘’Cabernet Sauvignon’’ still wines arrived at Port of Zamboanga. Each case contains 12 bottles with each bottle having 13.5% alcohol content and net retail price of P500.00. If each case had a volume capacity of 9,000 milliliters, how much is the total specific tax paid to BOC?

• P26,797.50

• P30,013.20

• P18,450.00

• P20,664.00

A shipment of 200 cartons of ‘’Foster’’ lager beer arrived at Port of Legaspi. Each carton contains 12 cans with each bottle having 330 ml volume capacity, 5% alcohol content and net retail price of P60.00. Compute the total specific tax, value-added tax included.

• P47,163.60

• P32,472.00

• P36,368.64

• P52,823.23

A shipment of 15,000 bottles of ‘’Sierra Nevada Pale’’ ale each having a volume capacity of 4.7 dl arrived at Port of Cebu. The degree of strength by volume is 5.6% alcohol content while the net retail price was P30.70. If each case contains 24 bottles, how much is the specific tax per case, inclusive of value-added tax?

• P671.72/case

• P752.33/case

• P462.48/case

• P517.98/case

A shipment of 18,000 bottles of ‘’Loyal Lodge’’ whisky was assessed with total excise tax of P2,062,200.00, net of value-added tax. Each bottle had a volume capacity of 750 ml and degree of strength of 80 proof. Inclusive of value-added tax, how much is the total ad valorem tax?

• P1,425,000.00

• P1,596,000.00

• P637,200.00

• P713,664.00

A shipment of 75 cases of ‘’Masseto’’ red wines arrived at Port of Cebu. Each case contains 12 bottles with each bottle having a volume capacity of 7.5 dl and alcohol content of 12.5%. How much is the specific tax per bottle, inclusive of value-added tax?

• P44.66/bottle

• P50.02/bottle

• P30.75/bottle

• P34.44/bottle