Post Utme Futa 2023 Economics Question 22

Practice objective / multiple choice question 22 from the 2023 Post Utme Futa Economics examination.

Post Utme Futa 2023 Economics Objective / Multiple Choice
Question 22 POST_UTME_FUTA • 2023 • ECONOMICS • objective

The government of Nigeria imposes a tax on the income of its citizens. The tax function is given by T = 0.2Y, where T is the tax paid and Y is the income. If a citizen has an income of ₦100,000, find the tax paid.

Answer Options

Correct Answer A. ₦20,000
B. ₦25,000
C. ₦30,000
D. ₦35,000
Correct Answer
A
Correct Option:
₦20,000

About This Question

This is Post Utme Futa 2023 Economics Question 22. It is one of the objective questions from the 2023 Post Utme Futa Economics examination.

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