Another United States traveler arrives at a United States point of entry. He has purchased a Fiat car aboard that cost him $6,250. How much

Question

Another United States traveler arrives at a United States point of entry. He has purchased a Fiat car aboard that cost him $6,250. How much duty does he have to pay?

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Everleigh 2 months 2021-11-30T20:49:20+00:00 1 Answer 0 views 0

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    2021-11-30T20:50:38+00:00

    Answer: $153.75

    Step-by-step explanation:

    Cost of car is $6250, assuming he hasn’t used his free duty exemption which is $100

    $6250 – $100 = $6150 X 2.5% VAT /100

    $153.75

    If you are shipping from China VAT is 25%

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