Post Utme Lead City University 2025 Commerce Question 18

Practice objective / multiple choice question 18 from the 2025 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2025 Commerce Objective / Multiple Choice
Question 18 POST_UTME_LEAD_CITY_UNIVERSITY • 2025 • COMMERCE • objective

A sole trader, Mr. A, has a business income of ₦500,000 and a business expenditure of ₦300,000. If he also has a personal income of ₦200,000 and a personal expenditure of ₦150,000, what is his total tax liability?

Answer Options

A. ₦0
B. ₦50,000
Correct Answer C. ₦100,000
D. ₦150,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Lead City University 2025 Commerce Question 18. It is one of the objective questions from the 2025 Post Utme Lead City University Commerce examination.

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