Post Utme Lautech 2022 Commerce Question 17

Practice objective / multiple choice question 17 from the 2022 Post Utme Lautech Commerce examination.

Post Utme Lautech 2022 Commerce Objective / Multiple Choice
Question 17 POST_UTME_LAUTECH • 2022 • COMMERCE • objective

A sole trader has a business that generates an average annual income of ₦1,500,000. If the sole trader pays 25% of the income as tax, what is the amount of tax paid?

Answer Options

Correct Answer A. ₦375,000
B. ₦375,000.00
C. ₦375,000.00
D. ₦375,000
Correct Answer
A
Correct Option:
₦375,000

About This Question

This is Post Utme Lautech 2022 Commerce Question 17. It is one of the objective questions from the 2022 Post Utme Lautech Commerce examination.

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