Waec Model Questions Vol1 2018 Government Question 40
Practice objective / multiple choice question 40 from the 2018 Waec Model Questions Vol1 Government examination.
An LGA receives a federal allocation calculated as follows: Base grant = \u20a4 2,000,000; Population factor = \u20a4 150 per resident; Revenue factor = 10% of the LGA's own‑source revenue. The LGA has a population of 85,000 and its own‑source revenue for the year is \u20a4 5,000,000. The state government imposes a penalty of 5% of the calculated allocation if the LGA fails to submit its audited accounts on time. The LGA submitted late and the penalty applies. What is the final amount the LGA receives after the penalty?
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About This Question
This is Waec Model Questions Vol1 2018 Government Question 40. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Government examination.
Difficulty level: Hard .
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