Post Utme Covenant University 2020 General Studies Question 7

Practice objective / multiple choice question 7 from the 2020 Post Utme Covenant University General Studies examination.

Post Utme Covenant University 2020 General Studies Objective / Multiple Choice
Question 7 POST_UTME_COVENANT_UNIVERSITY • 2020 • GENERAL STUDIES • objective

A company has a profit of ₦1,000,000. If it pays a tax of 20% on its profit, how much will it pay in tax?

Answer Options

A. ₦200,000
Correct Answer B. ₦250,000
C. ₦300,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦250,000

About This Question

This is Post Utme Covenant University 2020 General Studies Question 7. It is one of the objective questions from the 2020 Post Utme Covenant University General Studies examination.

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