Gce Model Questions Vol1 2018 Civic Education Question 3

Practice objective / multiple choice question 3 from the 2018 Gce Model Questions Vol1 Civic Education examination.

Gce Model Questions Vol1 2018 Civic Education Objective / Multiple Choice Hard Difficulty
Question 3 GCE_MODEL_QUESTIONS_VOL1 • 2018 • CIVIC_EDUCATION • objective

A public official receives a bribe of amount \(B\) naira. The official must first pay a 10 % income tax on the bribe, then a 5 % administrative fee on the remaining amount, and finally a 2 % security surcharge on the amount after the fee. The official wants the net amount after all deductions to be at least \(500{,}000\) naira. What is the minimum whole‑naira gross bribe amount \(B\) that satisfies this requirement?

Answer Options

A. 600,000 naira
B. 595,000 naira
Correct Answer C. 596,751 naira
D. 590,123 naira
Correct Answer
C
Correct Option:
596,751 naira

About This Question

This is Gce Model Questions Vol1 2018 Civic Education Question 3. It is one of the objective questions from the 2018 Gce Model Questions Vol1 Civic Education examination.

Difficulty level: Hard .

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support