Post Utme Joseph Ayo Babalola University 2024 Economics Question 17
Practice objective / multiple choice question 17 from the 2024 Post Utme Joseph Ayo Babalola University Economics examination.
A government plans to implement a new tax policy to reduce income inequality. The tax rate is set at 20% for income up to ₦500,000 and 30% for income above ₦500,000. If a person has an income of ₦750,000, calculate the amount of tax they will pay.
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This is Post Utme Joseph Ayo Babalola University 2024 Economics Question 17. It is one of the objective questions from the 2024 Post Utme Joseph Ayo Babalola University Economics examination.
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