Post Utme Nile University 2018 Commerce Question 32
Practice objective / multiple choice question 32 from the 2018 Post Utme Nile University Commerce examination.
A sole trader, Mr. A, has a business that generates an annual revenue of ₦5 million. His business expenses include rent (₦1.2 million), salaries (₦800,000), and miscellaneous expenses (₦400,000). If Mr. A's business is taxed at a rate of 20%, what is his taxable income?
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About This Question
This is Post Utme Nile University 2018 Commerce Question 32. It is one of the objective questions from the 2018 Post Utme Nile University Commerce examination.
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