Neco 2023 Civic Education Question 6
Practice objective / multiple choice question 6 from the 2023 Neco Civic Education examination.
A public servant's gross monthly salary \(S\) is subject to two deductions: a tax and a pension contribution. The tax is calculated as follows: if \(S\leq150{,}000\) naira, tax =10% of \(S\); if \(S>150{,}000\) naira, tax =10% of the first \(150{,}000\) plus 15% of the amount exceeding \(150{,}000\). The pension contribution is a flat 8% of \(S\). After all deductions the net salary must be exactly \(130{,}000\) naira. Determine the gross salary \(S\) (rounded to the nearest naira).
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About This Question
This is Neco 2023 Civic Education Question 6. It is one of the objective questions from the 2023 Neco Civic Education examination.
Difficulty level: Medium .
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