Post Utme Uniben 2024 Commerce Question 5

Practice objective / multiple choice question 5 from the 2024 Post Utme Uniben Commerce examination.

Post Utme Uniben 2024 Commerce Objective / Multiple Choice
Question 5 POST_UTME_UNIBEN • 2024 • COMMERCE • objective

A sole trader business has a turnover of ₦1,000,000 and a profit of ₦200,000. If the business is subject to a 20% corporation tax rate, what is the amount of tax paid?

Answer Options

A. ₦40,000
B. ₦80,000
Correct Answer C. ₦120,000
D. ₦160,000
Correct Answer
C
Correct Option:
₦120,000

About This Question

This is Post Utme Uniben 2024 Commerce Question 5. It is one of the objective questions from the 2024 Post Utme Uniben Commerce examination.

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