Post Utme Joseph Ayo Babalola University 2025 Commerce Question 28

Practice objective / multiple choice question 28 from the 2025 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2025 Commerce Objective / Multiple Choice
Question 28 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2025 • COMMERCE • objective

A company's financial statements show a net profit of ₦2,000,000. If the company's tax rate is 25%, what is the amount of tax payable?

Answer Options

Correct Answer A. ₦500,000
B. ₦400,000
C. ₦450,000
D. ₦550,000
Correct Answer
A
Correct Option:
₦500,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2025 Commerce Question 28. It is one of the objective questions from the 2025 Post Utme Joseph Ayo Babalola University Commerce examination.

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