TOPIC 8 – EXCISE TAX ON TOBACCO PRODUCTS (QUIZ)

A shipment of 800 cartons of ‘’Fortune’’ cigarettes arrived at Port of Iloilo. Each carton contains 50 reams while each pack contains 10 sticks. Exclusive of value-added tax, determine the total excise tax.

• P48,000,000.00

• P53,760,000.00

• P24,000,000.00

• P26,880,000.00

A shipment of 120 cartons of ‘’Champion’’ cigarettes arrived at Port of Davao. Each carton contains 50 reams with each ream contains 10 packs. Each pack contains 20 sticks and net retail price at P7.50/pack. How much is the total specific tax, inclusive of value-added tax?

• P3,600,000.00

• P4,032,000.00

• P72,000,000.00

• P80,640,000.00

A shipment of 150 boxes of tobacco fine-cut shorts arrived at Port of Legaspi. Each box had a gross weight of 30 pounds and net weight of 25 pounds. How much is the total excise tax, inclusive of value-added tax?

• P3,776.22

• P4,422.60

• P4,953.31

• P4,229.37

A shipment of 50 bales of chewing tobacco from Cuba arrived at Port of Cebu. If each bale weighs 920 ounces, how much is the total specific tax, exclusive of value-added tax?

• P3,390.66

• P3,797.54

• P3,242.51

• P2,895.10

A shipment of 250 boxes of ‘’Arturo Fuente’’ cigars arrived at Port of Batangas. Each box contains 50 cigars with net retail price of P380.00 per cigar. Determine the ad valorem tax per box, value-added tax included.

• P4,256.00/box

• P3,800.00/box

• P369.00/box

• P413.28/box

A shipment of 75 boxes of ‘’Cohiba’’ cigars arrived at Port of Manila. Each box contains 35 cigars with net retail price of P475.00 per cigar. Determine the total specific tax, inclusive of value-added tax.

• P19,372.50

• P21,697.20

• P268,747.50

• P300,997.20

A shipment of 5,000 ‘’Davidoff’’ cigars arrived at Port of Cebu. The net retail price shows P520.00 per cigar. Inclusive of value-added tax, how much is the total excise tax?

• P520,000.00

• P556,900.00

• P623,728.00

• P582,400.00

A shipment of 400 cases of heated tobacco arrived at Port of Manila. Each case contains 50 reams while each ream contains 10 packs. How much is the total specific tax paid to BOC?

• P12,000,000.00

• P13,440,000.00

• P6,500,000.00

• P7,280,000.00

A shipment of 350 packs of vapor products with nicotine salt arrived at Port of Manila. Each pack contains 2 pods with container size of 0.2 ml. Compute the total specific tax, inclusive of value-added tax.

• P7,280.00

• P8,153.60

• P36,400.00

• P40,768.00

A shipment of 50 packs of conventional classic nicotine vapor product arrived at Port of Manila. Each pack contains 1 bottle with container size of 24 ml. How much is the total specific tax, inclusive of value-added tax?

• P7,200.00

• P9,000.00

• P10,080.00

• P8,064.00