Post Utme Madonna University 2018 Accounting Question 5

Practice objective / multiple choice question 5 from the 2018 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2018 Accounting Objective / Multiple Choice
Question 5 POST_UTME_MADONNA_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's financial statements show a net income of ₦100,000. If the company's tax rate is 25%, what is the amount of income tax payable?

Answer Options

A. ₦20,000
Correct Answer B. ₦25,000
C. ₦30,000
D. ₦35,000
Correct Answer
B
Correct Option:
₦25,000

About This Question

This is Post Utme Madonna University 2018 Accounting Question 5. It is one of the objective questions from the 2018 Post Utme Madonna University Accounting examination.

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