Post Utme Mountain Top University 2018 Economics Question 13
Practice objective / multiple choice question 13 from the 2018 Post Utme Mountain Top University Economics examination.
The Nigerian government has introduced a new tax policy to increase revenue. The policy includes a 10% increase in income tax and a 5% increase in value-added tax. If a firm's income is ₦1,000,000 and its value-added tax is ₦200,000, what is the firm's new tax liability?
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About This Question
This is Post Utme Mountain Top University 2018 Economics Question 13. It is one of the objective questions from the 2018 Post Utme Mountain Top University Economics examination.
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