Waec Model Questions Vol1 2023 Economics Question 4
Practice objective / multiple choice question 4 from the 2023 Waec Model Questions Vol1 Economics examination.
The government levies personal income tax as follows: the first ₦500,000 of total income is tax‑free, the next ₦1,000,000 is taxed at 10%, and any amount above ₦1,500,000 is taxed at 20%. A worker earns a gross salary of ₦2,400,000 per year and receives a non‑taxable allowance of ₦200,000. What is the worker's net after‑tax income?
Answer Options
About This Question
This is Waec Model Questions Vol1 2023 Economics Question 4. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.