Post Utme Bowen University 2018 Accounting Question 20

Practice objective / multiple choice question 20 from the 2018 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2018 Accounting Objective / Multiple Choice
Question 20 POST_UTME_BOWEN_UNIVERSITY • 2018 • ACCOUNTING • objective

A company prepares its final accounts for the year ended December 31. The trading profit for the year is ₦1,200,000 and the non-trading income for the year is ₦300,000. If the company's tax rate is 25%, what is the amount of tax payable for the year?

Answer Options

A. ₦150,000
B. ₦200,000
Correct Answer C. ₦250,000
D. ₦300,000
Correct Answer
C
Correct Option:
₦250,000

About This Question

This is Post Utme Bowen University 2018 Accounting Question 20. It is one of the objective questions from the 2018 Post Utme Bowen University Accounting examination.

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