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WORKING. b. Milky Way imports Frozen Cheddar Cheese. The shipment arrived at the seaport Cargo Warehouse. The shipping cost is $5,000.00USD for 3500 boxes of

WORKING. b. Milky Way imports Frozen Cheddar Cheese. The shipment arrived at the seaport Cargo Warehouse. The shipping cost is $5,000.00USD for 3500 boxes of 100,000 cans with 100,000,000,000 milligrams of cheese. The broker informs for Cheese, the Import Duty (ID) rate is 5%, and the Dairy Cess rate is $8.2180 per Kilogram. The Duty Value for the shipment of cheese is $50,000.00USD. Given that: 1. General Consumption Tax (GCT) rate is 15% or 20% depending on the purpose of importation 2. Standard Compliance Fee (SCF) rate is 0.3% 3. Environmental Levy (ENVL) is rate 0.5% 4. Stamp Duty is $100.00JMD 5. Exchange rate is 1USD: 150JMD 6. Customs Administration Fee is $25,000.00JMD Calculate all duties and taxes payable and the total sum payable by Milky Way for the shipments. SHOW ALL WORKING

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