a. The following were extracted from the books of Edum Republic for the year ended 31/12/2021:
 

 

 $

 Receipts from oil and gas

 522,500,000

 Import duties

 250,000,000

 Export duties

 180,500,000

 Receipts from agriculture

 60,000,000

 Permit and license fees

 92,000,000

 Personal and other income taxes

 230,500,000

 Miscellaneous income

 100,500,000



Additional information:
(i) The country is structured into six(6) Regions/States A, B, C, D, E, F

(ii) The population of each of the Regions/States are:
A: 400,000 B: 350,000 C: 250,000
D: 100,000 E: 300,000 F: 200,000

(iii) Revenue is shared 30% to the Federal/Central government, 10% to education trust fund 60% to be shared by the Regions/States on the basis of population.

You are required to compute:

The total revenue for the country for the year 2021

b. The following were extracted from the books of Edum Republic for the year ended 31/12/2021:
 

 

 $

 Receipts from oil and gas

 522,500,000

 Import duties

 250,000,000

 Export duties

 180,500,000

 Receipts from agriculture

 60,000,000

 Permit and license fees

 92,000,000

 Personal and other income taxes

 230,500,000

 Miscellaneous income

 100,500,000



Additional information:
(i) The country is structured into six(6) Regions/States A, B, C, D, E, F

(ii) The population of each of the Regions/States are:
A: 400,000 B: 350,000 C: 250,000
D: 100,000 E: 300,000 F: 200,000

(iii) Revenue is shared 30% to the Federal/Central government, 10% to education trust fund 60% to be shared by the Regions/States on the basis of population.

You are required to compute:
Revenue for the Federal/Central government for the year 2021

c. The following were extracted from the books of Edum Republic for the year ended 31/12/2021:
 

 

 $

 Receipts from oil and gas

 522,500,000

 Import duties

 250,000,000

 Export duties

 180,500,000

 Receipts from agriculture

 60,000,000

 Permit and license fees

 92,000,000

 Personal and other income taxes

 230,500,000

 Miscellaneous income

 100,500,000


Additional information:
(i) The country is structured into six(6) Regions/States A, B, C, D, E, F

(ii) The population of each of the Regions/States are:
A: 400,000 B: 350,000 C: 250,000
D: 100,000 E: 300,000 F: 200,000

(iii) Revenue is shared 30% to the Federal/Central government, 10% to education trust fund 60% to be shared by the Regions/States on the basis of population.

You are required to compute:
Revenue for the Regions/State collectively and individually for the year 2021.

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