Post Utme Coal City University 2019 Commerce Question 29

Practice objective / multiple choice question 29 from the 2019 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2019 Commerce Objective / Multiple Choice
Question 29 POST_UTME_COAL_CITY_UNIVERSITY • 2019 • COMMERCE • objective

A sole trader has a business income of ₦1 million and a business expense of ₦200,000. If the sole trader has a personal income of ₦500,000 and a personal expense of ₦100,000, what is the total tax liability?

Answer Options

A. ₦150,000
Correct Answer B. ₦200,000
C. ₦250,000
D. ₦300,000
Correct Answer
B
Correct Option:
₦200,000

About This Question

This is Post Utme Coal City University 2019 Commerce Question 29. It is one of the objective questions from the 2019 Post Utme Coal City University Commerce examination.

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