Neco 2019 Civic Education Question 30

Practice objective / multiple choice question 30 from the 2019 Neco Civic Education examination.

Neco 2019 Civic Education Objective / Multiple Choice Hard Difficulty
Question 30 NECO • 2019 • CIVIC_EDUCATION • objective

A public officer receives a bribe of \(₦500{,}000\). The law imposes a penalty equal to \(150\\%\) of the bribe amount, plus a fine of \(10\\%\) of the officer's annual salary. The officer's annual salary is \(₦2{,}400{,}000\). Additionally, the officer must pay an income tax of \(5\\%\) on the total amount received (bribe plus penalty plus fine). What is the net amount the officer retains after paying the tax?

Answer Options

A. ₦1,465,000
B. ₦4,123,000
C. ₦1,235,000
Correct Answer D. ₦1,415,500
Correct Answer
D
Correct Option:
₦1,415,500

About This Question

This is Neco 2019 Civic Education Question 30. It is one of the objective questions from the 2019 Neco Civic Education examination.

Difficulty level: Hard .

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