Post Utme Rhema University 2019 Economics Question 27

Practice objective / multiple choice question 27 from the 2019 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2019 Economics Objective / Multiple Choice
Question 27 POST_UTME_RHEMA_UNIVERSITY • 2019 • ECONOMICS • objective

A government imposes a tax on a firm's profits. If the firm's pre-tax profits are ₦100,000 and the tax rate is 20%, what is the firm's post-tax profits?

Answer Options

A. ₦80,000
Correct Answer B. ₦90,000
C. ₦100,000
D. ₦110,000
Correct Answer
B
Correct Option:
₦90,000

About This Question

This is Post Utme Rhema University 2019 Economics Question 27. It is one of the objective questions from the 2019 Post Utme Rhema University Economics examination.

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