Gce Model Questions Vol1 2021 Government Question 2
Practice objective / multiple choice question 2 from the 2021 Gce Model Questions Vol1 Government examination.
A local council collects a property tax of 5 % on the total assessed value of properties, which amounts to N\(120\) million. The council also receives a central government grant equal to 20 % of its own tax revenue. After receiving the grant, the council must allocate 15 % of its total revenue to a mandatory service fund. What is the council's net revenue after this allocation (in millions of Naira)?
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About This Question
This is Gce Model Questions Vol1 2021 Government Question 2. It is one of the objective questions from the 2021 Gce Model Questions Vol1 Government examination.
Difficulty level: Hard .
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