Exercise 7: The business situation of a company in the taxation period is as follows: (unit: million dong) 1. The total VAT-exclusive turnover: 4,000 (in which the turnover of goods subject to excise tax is 1,500) 2. The expenditures: - Cost of wages and salaries: 850 - Depreciation of fixed assets: 70. - Creditable input VAT amount: 8 - The VAT-inclusive price of raw materials purchased: 1,100 . - Expense for advertisement, marketing, sales promotion and brokerage commissions: 200. - Cost of costume in money for the employees: 250 (there are 40 employees) - Interest payments on bank loans: 50 - Fines for overdue debt: 5. - Other deductible taxes: 20 3. Other incomes: 50 a) Calculate the payable VAT amount with the tax rate of 10\%? Calculate the excise tax amount with the tax rate of 50% ? b) Calculate the EIT, assuming that: the tax rate of EIT is 20% ? Life insurance is not included in the labor contract