Post Utme Skyline University 2021 Commerce Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Skyline University Commerce examination.

Post Utme Skyline University 2021 Commerce Objective / Multiple Choice
Question 25 POST_UTME_SKYLINE_UNIVERSITY • 2021 • COMMERCE • objective

A sole trader's business generates an average profit of ₦250,000 per annum. If the business is taxed at a rate of 25%, what is the sole trader's tax liability?

Answer Options

Correct Answer A. ₦62,500
B. ₦62,500
C. ₦62,500
D. ₦62,500
Correct Answer
A
Correct Option:
₦62,500

About This Question

This is Post Utme Skyline University 2021 Commerce Question 25. It is one of the objective questions from the 2021 Post Utme Skyline University 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