Post Utme Joseph Ayo Babalola University 2020 Accounting Question 9

Practice objective / multiple choice question 9 from the 2020 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2020 Accounting Objective / Multiple Choice
Question 9 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's financial statements show a net income of ₦1,000,000. The company's tax rate is 25%. What is the amount of income tax paid?

Answer Options

Correct Answer A. ₦250,000
B. ₦300,000
C. ₦350,000
D. ₦400,000
Correct Answer
A
Correct Option:
₦250,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2020 Accounting Question 9. It is one of the objective questions from the 2020 Post Utme Joseph Ayo Babalola University Accounting examination.

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