EXPECTED REVENUE Items Amount m Rents and royal... - WAEC Economics 2015 Question
| 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 non tax sources
A
$400.20 m
B
$375.20 m
C
$135.00 m
D
$75.00 m
correct option: c
Total revenue can be written as P × Q, which is the price of the goods multiplied by the quantity of the sold goods.
Non-tax revenue or non-tax receipts are revenue not generated from taxes. They include;
rents and Royalties + fees and fines
70.00 + 60.00 = 135.00m
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