Question 43

Jambmaths question: 

Find the tax on th income of N20,000. IF no tax is paid on the first N10,000 and tax is paid N50 in N1000 on the next N5000 and at N55 in N1000 on the remainder.

Option A: 

N525

Option B: 

N552

Option C: 

N255

Option D: 

N500

Jamb Maths Solution: 

First N10,000, no tax is paid

Next N5000

                Tax paid    N50 × 5 =N250

Next N5000

Tax paid N55 × 5 =N275

Total tax paid  =N250 + N275 = N525

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