Neco Model Questions Vol1 2019 Government Question 40
Practice objective / multiple choice question 40 from the 2019 Neco Model Questions Vol1 Government examination.
The Federal Road Fund charges a flat road tax of ₦15 000 per vehicle per year. In a state there are 200 000 registered vehicles distributed as follows: 30 % motorcycles, 50 % cars and 20 % trucks. Compliance rates are 70 % for motorcycles, 85 % for cars and 60 % for trucks. Vehicles older than 10 years receive a 10 % rebate on the tax; older vehicles constitute 15 % of motorcycles, 10 % of cars and 5 % of trucks, and the same compliance rates apply to them. What is the total expected revenue from the road tax (in naira) for that state?
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About This Question
This is Neco Model Questions Vol1 2019 Government Question 40. It is one of the objective questions from the 2019 Neco Model Questions Vol1 Government examination.
Difficulty level: Hard .
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