Gce Model Questions Vol1 2019 Civic Education Question 45

Practice objective / multiple choice question 45 from the 2019 Gce Model Questions Vol1 Civic Education examination.

Gce Model Questions Vol1 2019 Civic Education Objective / Multiple Choice Medium Difficulty

Question 45 GCE_MODEL_QUESTIONS_VOL1 • 2019 • CIVIC_EDUCATION • objective

A taxpayer owes \(\text{₦}150,000\). The tax law provides a 5 % discount if the tax is paid within 30 days, a 10 % penalty if paid after 30 days but before 90 days, and a 20 % penalty if paid after 90 days. The taxpayer makes the payment on day 75. How much must the taxpayer pay in total?

Answer Options

A. ₦160,000

B. ₦157,500

C. ₦180,000

Correct Answer D. ₦165,000

Correct Answer

Correct Option:

₦165,000

About This Question

This is Gce Model Questions Vol1 2019 Civic Education Question 45. It is one of the objective questions from the 2019 Gce Model Questions Vol1 Civic Education examination.

Difficulty level: Medium .

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Gce Model Questions Vol1 2019 Civic Education Question 45

A taxpayer owes \(\text{₦}150,000\). The tax law provides a 5 % discount if the tax is paid within 30 days, a 10 % penalty if paid after 30 days but before 90 days, and a 20 % penalty if paid after 90 days. The taxpayer makes the payment on day 75. How much must the taxpayer pay in total?

Answer Options

About This Question

Master the Exam!

A taxpayer owes \(\text{₦}150,000\). The tax law provides a 5 % discount if the tax is paid within 30 days, a 10 % penalty if paid after 30 days but before 90 days, and a 20 % penalty if paid after 90 days. The taxpayer makes the payment on day 75. How much must the taxpayer pay in total?