Post Utme Summit University 2020 Commerce Question 13

Practice objective / multiple choice question 13 from the 2020 Post Utme Summit University Commerce examination.

Post Utme Summit University 2020 Commerce Objective / Multiple Choice
Question 13 POST_UTME_SUMMIT_UNIVERSITY • 2020 • COMMERCE • objective

A sole trader has a business that generates an annual profit of ₦500,000. What is the tax liability?

Answer Options

A. ₦100,000
Correct Answer B. ₦200,000
C. ₦300,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦200,000

About This Question

This is Post Utme Summit University 2020 Commerce Question 13. It is one of the objective questions from the 2020 Post Utme Summit University Commerce examination.

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