Post Utme Afe Babalola University 2017 Commerce Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2017 Commerce Objective / Multiple Choice
Question 38 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2017 • COMMERCE • objective

A sole trader has a business income of ₦500,000 and a business expense of ₦200,000. If the sole trader has a personal income of ₦300,000, what is the total tax liability for the year?

Answer Options

A. ₦50,000
B. ₦75,000
Correct Answer C. ₦100,000
D. ₦125,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Afe Babalola University 2017 Commerce Question 38. It is one of the objective questions from the 2017 Post Utme Afe Babalola University Commerce examination.

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