Post Utme Futo 2023 Accounting Question 14

Practice objective / multiple choice question 14 from the 2023 Post Utme Futo Accounting examination.

Post Utme Futo 2023 Accounting Objective / Multiple Choice
Question 14 POST_UTME_FUTO • 2023 • ACCOUNTING • objective

A company has a trading profit of ₦150,000 and a non-trading income of ₦20,000. The company's tax rate is 30%. What is the amount of corporation tax payable?

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦50,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Futo 2023 Accounting Question 14. It is one of the objective questions from the 2023 Post Utme Futo Accounting examination.

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