Post Utme Pan Atlantic University 2025 Commerce Question 36

Practice objective / multiple choice question 36 from the 2025 Post Utme Pan Atlantic University Commerce examination.

Post Utme Pan Atlantic University 2025 Commerce Objective / Multiple Choice
Question 36 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2025 • COMMERCE • objective

A sole trader has a business income of ₦500,000 and a business expense of ₦200,000. If the sole trader is taxed at a rate of 20%, what is the amount of tax payable?

Answer Options

A. ₦80,000
Correct Answer B. ₦100,000
C. ₦120,000
D. ₦150,000
Correct Answer
B
Correct Option:
₦100,000

About This Question

This is Post Utme Pan Atlantic University 2025 Commerce Question 36. It is one of the objective questions from the 2025 Post Utme Pan Atlantic University Commerce examination.

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