Post Utme Nile University 2020 Economics Question 36

Practice objective / multiple choice question 36 from the 2020 Post Utme Nile University Economics examination.

Post Utme Nile University 2020 Economics Objective / Multiple Choice
Question 36 POST_UTME_NILE_UNIVERSITY • 2020 • ECONOMICS • objective

The government of a country has decided to implement a new tax policy to reduce income inequality. The policy involves a 10% tax on all income above ₦500,000. If a person's income is ₦750,000, how much tax will they pay?

Answer Options

Correct Answer A. ₦12,500
B. ₦15,000
C. ₦17,500
D. ₦20,000
Correct Answer
A
Correct Option:
₦12,500

About This Question

This is Post Utme Nile University 2020 Economics Question 36. It is one of the objective questions from the 2020 Post Utme Nile University Economics examination.

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