Gce Model Questions Vol1 2024 Civic Education Question 24

Practice objective / multiple choice question 24 from the 2024 Gce Model Questions Vol1 Civic Education examination.

Gce Model Questions Vol1 2024 Civic Education Objective / Multiple Choice Hard Difficulty
Question 24 GCE_MODEL_QUESTIONS_VOL1 • 2024 • CIVIC_EDUCATION • objective

Under the Anti‑Corruption Act, a public officer who receives a bribe must (i) repay the full amount, (ii) pay a penalty equal to \(150\%\) of the bribe, and (iii) pay income tax at \(24\%\) on the bribe amount. If the officer cooperates with investigators, a \(10\%\) reduction is applied to the penalty only. An officer received a bribe of \(₦500{,}000\). Calculate the total amount the officer must pay to the state.

Answer Options

A. 1370000
Correct Answer B. 1295000
C. 1233000
D. 1300000
Correct Answer
B
Correct Option:
1295000

About This Question

This is Gce Model Questions Vol1 2024 Civic Education Question 24. It is one of the objective questions from the 2024 Gce Model Questions Vol1 Civic Education examination.

Difficulty level: Hard .

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