Post Utme Delsu 2021 Economics Question 35

Practice objective / multiple choice question 35 from the 2021 Post Utme Delsu Economics examination.

Post Utme Delsu 2021 Economics Objective / Multiple Choice
Question 35 POST_UTME_DELSU • 2021 • ECONOMICS • objective

The government of Nigeria has introduced a new tax policy aimed at increa\sing revenue collection. The policy includes the introduction of a new tax rate of 20% on all taxable income above 100,000 units of currency. If a taxpayer has a taxable income of 150,000 units of currency, what is the taxpayer's tax liability under the new policy?

Answer Options

A. ₦10,000
Correct Answer B. ₦20,000
C. ₦30,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Delsu 2021 Economics Question 35. It is one of the objective questions from the 2021 Post Utme Delsu Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support