Waec Model Questions Vol1 2024 Civic Education Question 2
Practice objective / multiple choice question 2 from the 2024 Waec Model Questions Vol1 Civic Education examination.
A government infrastructure project is budgeted at \(\text{₦}200\) million. The contractor inflates the contract price by \(8\%\) and then pays a corporate tax of \(10\%\) on the inflated amount. After tax, the contractor siphons off kick‑backs equal to \(12\%\) of the original budget. Calculate (a) the total loss to public funds resulting from the extra tax paid because of the inflated price and the kick‑backs, and (b) the effective percentage of the original budget that is actually spent on the intended project.
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About This Question
This is Waec Model Questions Vol1 2024 Civic Education Question 2. It is one of the objective questions from the 2024 Waec Model Questions Vol1 Civic Education examination.
Difficulty level: Hard .
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