Post Utme Esut 2022 Economics Question 23

Practice objective / multiple choice question 23 from the 2022 Post Utme Esut Economics examination.

Post Utme Esut 2022 Economics Objective / Multiple Choice
Question 23 POST_UTME_ESUT • 2022 • ECONOMICS • objective

The Nigerian government has introduced a new tax policy aimed at increa\sing revenue from the agricultural sector. The policy requires farmers to pay a tax of 10% on their total sales. If a farmer sells 100 units of a product at ₦500 each, what is the total tax liability?

Answer Options

A. ₦5,000
Correct Answer B. ₦10,000
C. ₦15,000
D. ₦20,000
Correct Answer
B
Correct Option:
₦10,000

About This Question

This is Post Utme Esut 2022 Economics Question 23. It is one of the objective questions from the 2022 Post Utme Esut Economics examination.

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