Post Utme Covenant University 2018 Commerce Question 2
Practice objective / multiple choice question 2 from the 2018 Post Utme Covenant University Commerce examination.
A sole trader, Mr. A, has a business that generates an average annual profit of ₦500,000. If Mr. A's marginal tax rate is 25%, what is his average annual tax liability?
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About This Question
This is Post Utme Covenant University 2018 Commerce Question 2. It is one of the objective questions from the 2018 Post Utme Covenant University Commerce examination.
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