Waec Model Questions Vol1 2019 Economics Question 47
Practice objective / multiple choice question 47 from the 2019 Waec Model Questions Vol1 Economics examination.
The government imposes an income tax as follows: 0% on the first ₦200,000, 10% on the next ₦300,000, and 20% on any income above ₦500,000. In a town there are 5 taxpayers earning ₦150,000 each, 4 taxpayers earning ₦400,000 each, and 3 taxpayers earning ₦800,000 each. What is the total tax revenue collected from these taxpayers?
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About This Question
This is Waec Model Questions Vol1 2019 Economics Question 47. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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