Post Utme Afe Babalola University 2024 Commerce Question 14

Practice objective / multiple choice question 14 from the 2024 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2024 Commerce Objective / Multiple Choice
Question 14 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2024 • COMMERCE • objective

A sole trader has decided to expand their business by hiring additional employees. What is the most likely tax implication of this decision?

Answer Options

A. The sole trader will be required to pay a higher rate of income tax
B. The sole trader will be required to pay a higher rate of corporation tax
Correct Answer C. The sole trader will be able to claim a tax deduction for the salaries of the new employees
D. The sole trader will not be required to pay any additional taxes
Correct Answer
C
Correct Option:
The sole trader will be able to claim a tax deduction for the salaries of the new employees

About This Question

This is Post Utme Afe Babalola University 2024 Commerce Question 14. It is one of the objective questions from the 2024 Post Utme Afe Babalola University Commerce examination.

View More Post Utme Afe Babalola University 2024 Commerce Questions More Post Utme Afe Babalola University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support