Post Utme Eksu 2019 Commerce Question 32

Practice objective / multiple choice question 32 from the 2019 Post Utme Eksu Commerce examination.

Post Utme Eksu 2019 Commerce Objective / Multiple Choice
Question 32 POST_UTME_EKSU • 2019 • COMMERCE • objective

A sole trader, Mr. A, has a business that generates an annual revenue of ₦1.5 million and an annual expense of ₦1.2 million. If Mr. A's business is taxed at a rate of 20%, calculate the amount of tax payable by Mr. A.

Answer Options

A. ₦30,000
Correct Answer B. ₦40,000
C. ₦50,000
D. ₦60,000
Correct Answer
B
Correct Option:
₦40,000

About This Question

This is Post Utme Eksu 2019 Commerce Question 32. It is one of the objective questions from the 2019 Post Utme Eksu Commerce 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