Post Utme Babcock University 2020 Economics Question 1

Practice objective / multiple choice question 1 from the 2020 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2020 Economics Objective / Multiple Choice
Question 1 POST_UTME_BABCOCK_UNIVERSITY • 2020 • ECONOMICS • objective

A government imposes a tax on a firm's profits. The tax rate is 20% of the firm's profits. If the firm's profits are ₦1,000,000, what is the amount of tax the firm must pay?

Answer Options

Correct Answer A. ₦200,000
B. ₦250,000
C. ₦300,000
D. ₦400,000
Correct Answer
A
Correct Option:
₦200,000

About This Question

This is Post Utme Babcock University 2020 Economics Question 1. It is one of the objective questions from the 2020 Post Utme Babcock University Economics examination.

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