Gce Model Questions Vol1 2021 Civic Education Question 5
Practice objective / multiple choice question 5 from the 2021 Gce Model Questions Vol1 Civic Education examination.
A public officer can obtain a bribe of \(200{,}000\) Naira. He has two ways to handle the money:\n\nOption A - Declare 30 % of the illicit income as "miscellaneous" and pay a 10 % tax on the declared amount.\nOption B - Launder the money through a shell company, incurring a 5 % laundering fee but no tax.\n\nWhich option yields the higher net illicit profit, and what is that profit?
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About This Question
This is Gce Model Questions Vol1 2021 Civic Education Question 5. It is one of the objective questions from the 2021 Gce Model Questions Vol1 Civic Education examination.
Difficulty level: Hard .
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