Neco Model Questions Vol1 2022 Government Question 13
Practice objective / multiple choice question 13 from the 2022 Neco Model Questions Vol1 Government examination.
Let \(T\) denote the total annual revenue (in million naira) of a local government. Property tax contributes \(30\%\) of \(T\). The federal allocation equals a fixed amount of ₦\(20\) million plus \(5\%\) of the property‑tax revenue. The total revenue is the sum of the property tax and the federal allocation. Determine (a) the total revenue \(T\) (in million naira) and (b) the amount of the federal allocation (in million naira), each rounded to two decimal places.
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About This Question
This is Neco Model Questions Vol1 2022 Government Question 13. It is one of the objective questions from the 2022 Neco Model Questions Vol1 Government examination.
Difficulty level: Hard .
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