Waec Model Questions Vol1 2023 Civic Education Question 47
Practice objective / multiple choice question 47 from the 2023 Waec Model Questions Vol1 Civic Education examination.
A public servant receives a basic salary of ₦500,000 per month. Pension contributions are 7 % of the first ₦200,000 and 10 % of the amount exceeding ₦200,000. Income tax is charged on taxable income (basic salary minus pension plus taxable allowances) at 5 % on the first ₦100,000, 10 % on the next ₦200,000 and 15 % on any remaining amount. The servant receives a non‑taxable housing allowance of ₦50,000 and a taxable transport allowance of ₦30,000. What is the net monthly take‑home pay?
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About This Question
This is Waec Model Questions Vol1 2023 Civic Education Question 47. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Civic Education examination.
Difficulty level: Medium .
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