Post Utme Bowen University 2025 Economics Question 11

Practice objective / multiple choice question 11 from the 2025 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2025 Economics Objective / Multiple Choice
Question 11 POST_UTME_BOWEN_UNIVERSITY • 2025 • ECONOMICS • objective

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

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 Bowen University 2025 Economics Question 11. It is one of the objective questions from the 2025 Post Utme Bowen University Economics examination.

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