Post Utme Christopher University 2024 Commerce Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Christopher University Commerce examination.

Post Utme Christopher University 2024 Commerce Objective / Multiple Choice
Question 10 POST_UTME_CHRISTOPHER_UNIVERSITY • 2024 • COMMERCE • objective

A company's business unit is a sole trader. If the company's sole trader has a profit of ₦500,000, and the company's tax rate is 20%, what is the company's tax liability?

Answer Options

A. ₦100,000
Correct Answer B. ₦120,000
C. ₦150,000
D. ₦200,000
Correct Answer
B
Correct Option:
₦120,000

About This Question

This is Post Utme Christopher University 2024 Commerce Question 10. It is one of the objective questions from the 2024 Post Utme Christopher University Commerce examination.

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