Gce Model Questions Vol1 2022 Computer Studies Question 26
Practice objective / multiple choice question 26 from the 2022 Gce Model Questions Vol1 Computer Studies examination.
An employee receives a fixed monthly base salary of ₦30,000. In addition, a sales commission is paid according to the following piece‑wise rates: - on the first ₦10,000 of monthly sales, \(5\%\); - on the next ₦10,000 of sales (i.e. sales from ₦10,001 to ₦20,000), \(7\%\); - on any sales above ₦20,000, \(10\%\). Income tax of \(20\%\) is deducted from the gross pay (base salary plus commission). The employee wishes to take home at least ₦45,000 after tax. What is the minimum amount of gross sales the employee must achieve in a month to meet this target?
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About This Question
This is Gce Model Questions Vol1 2022 Computer Studies Question 26. It is one of the objective questions from the 2022 Gce Model Questions Vol1 Computer Studies examination.
Difficulty level: Hard .
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