| 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
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Correct Answer: Option C
Explanation:
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
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