Post Utme Aaua 2021 Commerce Question 7
Practice objective / multiple choice question 7 from the 2021 Post Utme Aaua Commerce examination.
A sole trader, Mr. A, has a business that generates an annual revenue of ₦5 million. His business expenses include rent (₦1.2 million), salaries (₦1.5 million), and miscellaneous expenses (₦800,000). If Mr. A's business is taxed at a rate of 20%, what is his taxable income?
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About This Question
This is Post Utme Aaua 2021 Commerce Question 7. It is one of the objective questions from the 2021 Post Utme Aaua Commerce examination.
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