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what is the total revenue from non tax sources

Economics
WAEC 2015

EXPECTED REVENUE
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
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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 and from the table above, only rents and royalties do not fall under taxes. 

They include 

rents and Royalties + fees and fines
75.00 + 60.00 = 135.00m


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