Post Utme Veritas University 2019 Commerce Question 20

Practice objective / multiple choice question 20 from the 2019 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2019 Commerce Objective / Multiple Choice
Question 20 POST_UTME_VERITAS_UNIVERSITY • 2019 • COMMERCE • objective

A sole trader's business has a profit of 100,000. If the sole trader's income tax rate is 20%, what is the amount of income tax payable?

Answer Options

Correct Answer A. 20,000
B. 30,000
C. 40,000
D. 50,000
Correct Answer
A
Correct Option:
20,000

About This Question

This is Post Utme Veritas University 2019 Commerce Question 20. It is one of the objective questions from the 2019 Post Utme Veritas University Commerce examination.

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