Post Utme Mountain Top University 2022 Accounting Question 39

Practice objective / multiple choice question 39 from the 2022 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2022 Accounting Objective / Multiple Choice
Question 39 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has a profit of ₦500,000 and a tax rate of 25%. Calculate the amount of tax payable.

Answer Options

A. ₦125,000
Correct Answer B. ₦150,000
C. ₦175,000
D. ₦200,000
Correct Answer
B
Correct Option:
₦150,000

About This Question

This is Post Utme Mountain Top University 2022 Accounting Question 39. It is one of the objective questions from the 2022 Post Utme Mountain Top University Accounting examination.

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