EXPECTED REVENUE Items Amount ($m) Rents and royalties 75.00 Company income tax 150.00 Custom and excise duties 300.20 personal income tax 80.00 Fees and fi...
Question 1 Report
| Items | Amount ($m) |
| Rents and royalties | 75.00 |
| Company income tax | 150.00 |
| Custom and excise duties | 300.20 |
| personal income tax | 80.00 |
| Fees and fines | 60.00 |
| value added tax | 100.00 |
Use the information to answer the following question
what is the total revenue from indirect tax
Answer Details
The total revenue from indirect tax can be calculated by adding the amount from custom and excise duties, and the amount from value added tax. Therefore, the total revenue from indirect tax is $300.20m + $100.00m = $400.20m. So the correct answer is option number 2, which is $400.20m.
Download The App On Google Playstore
Everything you need to excel in your exams
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning