Post Utme Lasu 2017 Economics Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Lasu Economics examination.

Post Utme Lasu 2017 Economics Objective / Multiple Choice
Question 38 POST_UTME_LASU • 2017 • ECONOMICS • objective

The government of Nigeria has introduced a new tax policy to increase revenue. The policy includes a 10% tax on all income above ₦500,000. If a person earns ₦750,000 per year, how much tax will they pay?

Answer Options

A. ₦25,000
Correct Answer B. ₦30,000
C. ₦35,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Lasu 2017 Economics Question 38. It is one of the objective questions from the 2017 Post Utme Lasu Economics examination.

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