Post Utme Futa 2021 Accounting Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Futa Accounting examination.

Post Utme Futa 2021 Accounting Objective / Multiple Choice
Question 15 POST_UTME_FUTA • 2021 • ACCOUNTING • objective

A company's financial statements show a net income of ₦1,000,000. The company's tax rate is 25%. What is the amount of income tax payable?

Answer Options

Correct Answer A. ₦250,000
B. ₦300,000
C. ₦350,000
D. ₦400,000
Correct Answer
A
Correct Option:
₦250,000

About This Question

This is Post Utme Futa 2021 Accounting Question 15. It is one of the objective questions from the 2021 Post Utme Futa Accounting examination.

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