Post Utme Uniport 2022 Commerce Question 36

Practice objective / multiple choice question 36 from the 2022 Post Utme Uniport Commerce examination.

Post Utme Uniport 2022 Commerce Objective / Multiple Choice
Question 36 POST_UTME_UNIPORT • 2022 • COMMERCE • objective

A company has a profit of ₦500,000. If it pays a tax of 20% on its profit, how much 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 Uniport 2022 Commerce Question 36. It is one of the objective questions from the 2022 Post Utme Uniport Commerce examination.

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