Tax Calculations

If for every 100 heads of goats, the Government Authority charges a tax of ₦90, what is the tax payable for 3500 goats? If the Authority then decides to charge ₦85 for every 80 heads of goats the following year, what is the increase or decrease in the tax payable for the same number of goats?

• ₦3,150; increase of ₦568.75

• ₦1860; increase of ₦600

• ₦5,470; decrease of ₦568.75

• ₦3,150; decrease of ₦568.75

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

CCSS.7.RP.A.1

CCSS.7.RP.A.2

CCSS.7.RP.A.3

A State Government charges ₦2.50 as water rate for each taxable adult. How much will be collected from a town with only 2500 taxable adults?

• ₦6,250.00

• ₦5,250.00

• ₦4,500.00

• ₦2502.50

Tags

CCSS.7.NS.A.2

CCSS.7.NS.A.3

The tenement rate payable by landlords in Tudunwada area in Kano is ₦75.00 on each house per annum. How much will be collected on 135 houses?

• ₦10,125

• ₦200

• ₦60

• ₦11,500

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

The tax deducted on the taxable income of a citizen is 15k on every Naira. Find the tax paid by a man whose taxable income is ₦3,000.00.

• ₦450.00

• ₦150.00

• ₦350.00

• ₦550.00

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.2

CCSS.7.NS.A.3

CCSS.7.RP.A.3

Tega paid ₦126.75 as income tax, ₦3.50 as water rate, ₦10 as radio and TV license, ₦50 as vehicle license and ₦50 for his driving license. How much did he pay as rates and taxes altogether that year?

• ₦240.25

• ₦214.50

• ₦144.35

• ₦345.30

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

The taxable monthly income of a Personnel Manager of Foam Industrial Company is ₦12,000.00. If he is to pay tax at the flat rate of 12 kobo on the Naira, what is his income tax per month?

• ₦1440.00

• ₦3000.00

• ₦4200.00

• ₦1420.00

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.2

CCSS.7.NS.A.3

CCSS.7.RP.A.3

The taxable income in one month of Mohammed Bida is ₦6000. If he pays ₦360 a month, what is the rate of tax in the Naira?

• 6k in Naira

• 3k in Naira

• 36k in Naira

• 12k in Naira

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

CCSS.7.RP.A.2

CCSS.7.RP.A.3

The General Manager of Yelwa Construction Company earns ₦8000 and he is allowed ₦3000 tax free (i) What is his taxable income? (ii) What tax does he pay if it is flat rate of 15k in the Naira?

• (i) ₦5000 (ii) ₦750

• (i) ₦4500 (ii) ₦600

• (i) ₦3500 (ii) ₦550

• (i) ₦6000 (ii) ₦450

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Mr. Judah earns ₦9500 per month and he is given ₦3800 as tax free. He paid tax on the rest at the rate of 10% on the first ₦2000, 15% on the next ₦2000 and 20% on the rest. Find the total tax he pays per month.

• ₦840

• ₦460

• ₦980

• ₦1190

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.2

CCSS.7.NS.A.3

CCSS.7.RP.A.2

CCSS.7.RP.A.3

If a beautiful garden statue costs ₦22,000 inclusive of VAT at 10%. How much was VAT?

• ₦2,000

• ₦3,200

• ₦2,200

• ₦3,600

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

CCSS.7.RP.A.2

CCSS.7.RP.A.3