Post Utme Rhema University 2020 Commerce Question 8

Practice objective / multiple choice question 8 from the 2020 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2020 Commerce Objective / Multiple Choice
Question 8 POST_UTME_RHEMA_UNIVERSITY • 2020 • COMMERCE • objective

A company has a sole proprietorship business with an annual revenue of ₦1,000,000. The company has a 20% tax rate. What is the company's annual tax liability?

Answer Options

A. ₦200,000
Correct Answer B. ₦250,000
C. ₦300,000
D. ₦350,000
Correct Answer
B
Correct Option:
₦250,000

About This Question

This is Post Utme Rhema University 2020 Commerce Question 8. It is one of the objective questions from the 2020 Post Utme Rhema University Commerce examination.

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