Post Utme Delsu 2023 Economics Question 11
Practice objective / multiple choice question 11 from the 2023 Post Utme Delsu Economics examination.
The government of Nigeria has introduced a new tax policy aimed at increa\sing revenue from the manufacturing sector. The policy requires companies to pay a tax rate of 15% on their profits. However, the tax rate will be reduced to 10% if the company invests in research and development. If a company's profit is ₦1,000,000 and it invests ₦200,000 in research and development, what is the total tax liability?
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About This Question
This is Post Utme Delsu 2023 Economics Question 11. It is one of the objective questions from the 2023 Post Utme Delsu Economics examination.
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