Multiple Choice – Problems 1
1.
Ocea Oceani nize zers rs,, Inc Inc.. Pur Purch chas ased ed the the fol follo lowi wing ng from from abro abroad ad:: Sea shells and coral decors una and salmon otal
₱ ₱
320,000 120,000 !!0,000
"hat is amount of ta#able im$ortation% a. ₱0 c. ₱200,000 d. ₱320,000 b. ₱120,000 2.
&r. &r. ' im$o im$ort rted ed (ar (ario ious us $erso $ersona nall and and hous househ ehol old d eff effect ectss wit with h a (al (alue ue aggregating ₱!00,000. ₱ 320,000 of these was sub)ected to a *+ customs dut b the -O "hat is the /' on im$ortation%. a. ₱ 0 c. ₱!2,2!0 b. ₱ !1,!2 d. ₱48,000
3.
' boo boost stor oree com$ com$an an im$o im$ort rted ed the the foll follow owin ing g item items: s:
-oos Professional instruments School su$$lies otal
anded cost 30,000 ₱ 200,000 30,000 400,000 ₱
"hat is the total /' on im$ortation% a. ₱ 0 c. ₱2,000 d. ₱100,000 b. ₱ 60,000 !.
&r. &r. a /'5regist registere ered d food food retail retailer er,, im$o im$orte rted d the the foll followi owing ng from from hina: hina:
6ruits /egetables 6rozen meat &arinated milfish otal om$ute the /at on im$ortation a. ₱ 0 c. ₱ 1,700 d. ₱ 74,700 b. ₱ 12,000
anded cost 20,000 ₱ 1*0,000 0,000 100,000 *0,000 ₱
.
'le#is 6urnitures a $ercentage ta#$aer, im$orted the following household e8ui$ment: anded cost ₱ &achineries, for business use 1,10,000 9eating sstem, for home use 20,000 otal 1,!00,000 ₱ om$ute the /' on im$ortation. a. ₱ 0 c. ₱ 10,000 b. ₱ 2,000 d. ₱ 168,000
7.
anes 'grior$ im$orted the following: anded cost ₱ !00,000 0,000 !0,000 20,000 ₱ 1,*0,000
Seeds 6ertilizers 6arming e8ui$ment 9erbicides and $esticides otal om$ute the /' on im$ortation. a. ₱ 0 c. ₱ 2,000 d. ₱ 84,000 b. ₱ !2,000 .
9ome '$$liance om$an im$orted the following for $ersonal use: 6urniture ;attan umber
₱
700,000 20,000 !0,000
om$ute the /' on im$ortation. c. ₱ 156,000 a. ₱ 30,000 b. ₱ 2,000 d. ₱ 20!,000 *.
&r. 9uligan im$orted rice from /ietnam. etails of his im$ortation show the following: otal in(oice (alue 6reight and insurance in transit -O and other charges om$ute the /' on im$ortation.
₱
1,000,000 0,000 20,000
4.
a.
₱
0
b.
₱
120,000
c. ₱ 127,000 d. ₱ 12*,!00
'n agricultural su$$l dealer im$orted the following: orn grits 9og feeds S$ecialt feeds
₱
200,000 30,000 300,000
om$ute the /' on im$ortation. a. ₱ 0 c. ₱ !2,000 d. ₱ 102,000 b. ₱ 36,000 10.
he following data relates to the im$ortation to the im$ortation of cigarettes b &r. Shinto: otal in(oice (alue -O charges ustoms duties <#cise ta#es
₱
1,000,000 300,000 200,000 300,000
om$ute the /' on im$ortation. a. ₱ 120,000 c. ₱ 1*0,000 b. ₱ 17,000 d. ₱ 216,000 Multiple Choice-Problems 2
1.
on Pe$ito im$orted a har(ester from the =nited States with a total cost of ₱ 1,100,000 before ustoms duties. he im$ortation is sub)ect to 10+ ustoms duties. "hat is the /' on im$ortation% a. ₱ 1*,!00 c. ₱ 124,700 d. ₱ 0 b. ₱ 145,200
2.
In the immediatel $receding $roblem, assuming that the im$ortation is made b an agricultural coo$erati(e. "hat is the /' on im$ortation% a. ₱ 1*,!00 c. ₱ 124,700 d. ₱ 0 b. ₱ 1!!,000
3.
&r. Smile a $rofessional $ractitioner im$orted the following: alculators and com$uters for his firm -oos otal
₱
400,000 700,000 1,00,000
9ow much is a sub)ect to /' on im$ortation% a. ₱ 0 c. ₱ 1,200,000 d. ₱ 1,00,000 b. ₱ 00,000
!.
&r. >uan &anuel &ar8uez arri(es in the Phili$$ines with an immigration (isa. 9e had with him the following: lothing, shoes and a$$arels Professional instruments and im$lements Personal car otal costs of $ersonal belongings
₱
₱
100,000 10,000 300,000 0,000
om$ute the total amount sub)ect to the /' on im$ortation% a. ₱ 0 c. ₱ 300,000 b. ₱ 200,000 d. ₱ 0,000
.
&r. ?hi, a non5/' ta#$aer, made the following domestic Purchases of goods: Purchase of scra$ metals from P<@'5 locator Purchase of machine from a /' su$$lier
₱
200,000 *00,000
"hat is the im$ossible /' on im$ortation% a. ₱ 0 c. ₱ 47,000 d. ₱ 120,000 b. ₱ 24,000 7.
'tlantis Shi$$ing om$an im$orted ₱ 3,000,000 worth of (essel fuels and su$$lies for domestic use. he com$an earmared 70+ of this for domestic use while !0+ is reser(ed for its international o$erations. "hat is the /' on im$ortation% c. ₱ 216,000 a. ₱ 0 b. ₱ 1!!,000 d. ₱ 370,000
.
&r. -eer, a /'5registered trader, im$orted an e8ui$ment with a dutiable (alue of A!0,000 from abroad. he im$ortation is sub)ect to ₱ 100,000 -O charges before 10+ customs duties on dutiable (alue. he e#change rate to the Peso was ₱ !3.00:A1. om$ute the /' on im$ortation% a. ₱ 21*,!00 c. ₱ 232,!00 d. ₱ 23,040 b. ₱ 22,0!0
*.
If an im$orter $aid 1+ custom duties in the amount of ₱ 2!,000 $lus ₱ 13!,000 charges in the -ureau of ustoms, what is the /' on im$ortation% a. ₱ 0 c. ₱ 3,2*0 d. ₱ 38,160 b. ₱ 1*,470
4.
Shanum om$an had the following data regarding its im$ortation: In(oice $rice in =S ollars A 12,000 Other costs to bring goods to the Phili$$ines ₱ 1!,000 -O charges 100,000 ustoms duties is 10+ of dutiable (alue ₱ !2.*0: A1 Peso5ollar <#change rate om$ute the /' on im$ortation% a. ₱ 0 c. ₱ 41,032.00 d. ₱ 8,35.20 b. ₱ *1,7!3.20
10.
&r. olinger im$orted (arious merchandise from abroad. he im$ortation was in(oiced at A,000. &r. olinger also incurred the following costs of of im$ortation: Insurance 6reight "harfage fee 'rrastre charge -roerage fee 6acilitation fee
!,000 1,000 !,000 ,000 *,000 ,000
₱
&r. olinger was also assessed ₱ 2!,000 and ₱ 1*,000 customs duties and e#cise ta#, res$ecti(el. he a$$licable e#change rate was ₱ !2.0:A1 "hat is the /' on im$ortation% a. ₱ 2,00 c. ₱ 35,100 b. ₱ 30,!0 d. ₱ 3,00
