Post Utme Bowen University 2021 Commerce Question 31

Practice objective / multiple choice question 31 from the 2021 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2021 Commerce Objective / Multiple Choice
Question 31 POST_UTME_BOWEN_UNIVERSITY • 2021 • COMMERCE • objective

A company's sole trader has an annual turnover of ₦5 million. If the company's tax rate is 20%, what is the amount of tax payable?

Answer Options

A. ₦1 million
Correct Answer B. ₦1.25 million
C. ₦1.5 million
D. ₦2 million
Correct Answer
B
Correct Option:
₦1.25 million

About This Question

This is Post Utme Bowen University 2021 Commerce Question 31. It is one of the objective questions from the 2021 Post Utme Bowen University Commerce examination.

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