Post Utme Igbinedion University 2022 Accounting Question 15

Practice objective / multiple choice question 15 from the 2022 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2022 Accounting Objective / Multiple Choice
Question 15 POST_UTME_IGBINEDION_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's profit and loss account shows a net profit of ₦150,000. If the company's tax rate is 25%, calculate the amount of tax payable.

Answer Options

Correct Answer A. ₦37,500
B. ₦40,000
C. ₦42,500
D. ₦45,000
Correct Answer
A
Correct Option:
₦37,500

About This Question

This is Post Utme Igbinedion University 2022 Accounting Question 15. It is one of the objective questions from the 2022 Post Utme Igbinedion University Accounting examination.

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