Post Utme Redeemers University 2020 Accounting Question 10

Practice objective / multiple choice question 10 from the 2020 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2020 Accounting Objective / Multiple Choice
Question 10 POST_UTME_REDEEMERS_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's financial statements show a net income of ₦1,000,000. If the company's tax rate is 25%, what is the amount of income tax paid?

Answer Options

A. ₦250,000
Correct Answer B. ₦300,000
C. ₦350,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦300,000

About This Question

This is Post Utme Redeemers University 2020 Accounting Question 10. It is one of the objective questions from the 2020 Post Utme Redeemers University Accounting examination.

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