Post Utme Covenant University 2020 Commerce Question 22

Practice objective / multiple choice question 22 from the 2020 Post Utme Covenant University Commerce examination.

Post Utme Covenant University 2020 Commerce Objective / Multiple Choice
Question 22 POST_UTME_COVENANT_UNIVERSITY • 2020 • COMMERCE • objective

A sole trader, Mr. A, has a business income of ₦500,000 and business expenses of ₦200,000. If he has a personal income of ₦300,000 and personal expenses of ₦100,000, what is his total tax liability?

Answer Options

A. ₦50,000
B. ₦75,000
Correct Answer C. ₦100,000
D. ₦125,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Covenant University 2020 Commerce Question 22. It is one of the objective questions from the 2020 Post Utme Covenant University Commerce examination.

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