Post Utme Eksu 2019 Commerce Question 34

Practice objective / multiple choice question 34 from the 2019 Post Utme Eksu Commerce examination.

Post Utme Eksu 2019 Commerce Objective / Multiple Choice
Question 34 POST_UTME_EKSU • 2019 • COMMERCE • objective

A company has a business that generates an annual revenue of ₦2.5 million and an annual expense of ₦2 million. If the company's business is taxed at a rate of 25%, calculate the amount of tax payable by the company.

Answer Options

A. ₦50,000
Correct Answer B. ₦60,000
C. ₦70,000
D. ₦80,000
Correct Answer
B
Correct Option:
₦60,000

About This Question

This is Post Utme Eksu 2019 Commerce Question 34. It is one of the objective questions from the 2019 Post Utme Eksu Commerce examination.

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