Post Utme Ims U 2018 Economics Question 36

Practice objective / multiple choice question 36 from the 2018 Post Utme Ims U Economics examination.

Post Utme Ims U 2018 Economics Objective / Multiple Choice
Question 36 POST_UTME_IMS_U • 2018 • ECONOMICS • objective

The government of a country has decided to implement a new tax policy to reduce income inequality. The policy involves a 10% tax on all income above ₦500,000. If a person earns ₦750,000 per annum, how much will they pay in taxes?

Answer Options

A. ₦0
Correct Answer B. ₦37,500
C. ₦50,000
D. ₦62,500
Correct Answer
B
Correct Option:
₦37,500

About This Question

This is Post Utme Ims U 2018 Economics Question 36. It is one of the objective questions from the 2018 Post Utme Ims U Economics examination.

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