Post Utme Oau 2019 Commerce Question 34

Practice objective / multiple choice question 34 from the 2019 Post Utme Oau Commerce examination.

Post Utme Oau 2019 Commerce Objective / Multiple Choice
Question 34 POST_UTME_OAU • 2019 • COMMERCE • objective

The Nigerian government has introduced a new policy to encourage the growth of the transportation sector. The policy includes the provision of subsidies to transportation companies that invest in new technology. However, the policy also includes a provision that requires transportation companies to pay a 10% tax on their profits. If a transportation company has a profit of ₦100 million, how much tax will it have to pay?

Answer Options

Correct Answer A. ₦10 million
B. ₦5 million
C. ₦15 million
D. ₦20 million
Correct Answer
A
Correct Option:
₦10 million

About This Question

This is Post Utme Oau 2019 Commerce Question 34. It is one of the objective questions from the 2019 Post Utme Oau Commerce examination.

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