Use the information to answer the following 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 |
What is the total revenue from non-tax sources?
$400.20 m
$375.20 m
$135.00 m
$75.00 m
Correct answer is 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 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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