Post Utme Rsu 2017 Commerce Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Rsu Commerce examination.

Post Utme Rsu 2017 Commerce Objective / Multiple Choice
Question 38 POST_UTME_RSU • 2017 • COMMERCE • objective

A sole trader operates a small business, selling handmade crafts online. The sole trader has a business bank account and keeps accurate records of income and expenses. However, the sole trader is unsure about the tax implications of their business and seeks advice from an accountant. What type of tax is the sole trader likely to be liable for?

Answer Options

Correct Answer A. Income tax
B. Value-added tax (VAT)
C. Capital gains tax
D. National insurance contributions
Correct Answer
A
Correct Option:
Income tax

About This Question

This is Post Utme Rsu 2017 Commerce Question 38. It is one of the objective questions from the 2017 Post Utme Rsu Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support