Post Utme Bsu 2024 Commerce Question 1
Practice objective / multiple choice question 1 from the 2024 Post Utme Bsu Commerce examination.
A company's financial statements for the year ended December 31, 2023, are as follows: Total Revenue = ₦5,000,000, Cost of Goods Sold = ₦2,500,000, Operating Expenses = ₦1,200,000, and Net Income = ₦800,000. If the company's tax rate is 25%, calculate the amount of income tax payable.
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This is Post Utme Bsu 2024 Commerce Question 1. It is one of the objective questions from the 2024 Post Utme Bsu Commerce examination.
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