Post Utme Futo 2017 Economics Question 9

Practice objective / multiple choice question 9 from the 2017 Post Utme Futo Economics examination.

Post Utme Futo 2017 Economics Objective / Multiple Choice
Question 9 POST_UTME_FUTO • 2017 • ECONOMICS • objective

A government imposes a tax of ( 10 )% on a firm's profits. If the firm's pre-tax profits are ( 100 ) million naira, what is the tax revenue?

Answer Options

A. ( 10 ) million naira
Correct Answer B. ( 20 ) million naira
C. ( 30 ) million naira
D. ( 40 ) million naira
Correct Answer
B
Correct Option:
( 20 ) million naira

About This Question

This is Post Utme Futo 2017 Economics Question 9. It is one of the objective questions from the 2017 Post Utme Futo Economics examination.

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