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WorksheetsCalculating taxes and rates
Total questions: 12
Worksheet time: 6mins
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
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
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
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
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
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
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
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
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
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
What is the selling price of a pack of paper worth ₦1500 excluding VAT if VAT is 10%?
₦1,650
₦2,550
₦1,250
₦2,250
If a year-on-year inflation rate is 8% and Dan earns ₦240,000 this year. What amount of pay-rise should he request in order to have the same standard of living next year?
₦19,200
₦12,500
₦15,900
₦20,300
