Post Utme Lautech 2021 Economics Question 30
Practice objective / multiple choice question 30 from the 2021 Post Utme Lautech Economics examination.
Suppose the government of a country decides to implement a new tax on the income of its citizens. The tax is a flat rate of 25% on all income above ₦750,000. If a citizen has an income of ₦1,000,000, calculate the amount of tax the citizen will pay.
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About This Question
This is Post Utme Lautech 2021 Economics Question 30. It is one of the objective questions from the 2021 Post Utme Lautech Economics examination.
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