Post Utme Caleb University 2018 Commerce Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Caleb University Commerce examination.

Post Utme Caleb University 2018 Commerce Objective / Multiple Choice
Question 12 POST_UTME_CALEB_UNIVERSITY • 2018 • COMMERCE • objective

A sole trader, Mr. A, has a business income of ₦500,000 and expenses of ₦200,000. If he pays 25% tax on his business income, how much will he pay in tax?

Answer Options

Correct Answer A. ₦125,000
B. ₦150,000
C. ₦175,000
D. ₦200,000
Correct Answer
A
Correct Option:
₦125,000

About This Question

This is Post Utme Caleb University 2018 Commerce Question 12. It is one of the objective questions from the 2018 Post Utme Caleb University Commerce examination.

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