Post Utme Veritas University 2020 General Studies Question 19

Practice objective / multiple choice question 19 from the 2020 Post Utme Veritas University General Studies examination.

Post Utme Veritas University 2020 General Studies Objective / Multiple Choice
Question 19 POST_UTME_VERITAS_UNIVERSITY • 2020 • GENERAL STUDIES • objective

A company has a profit of ₦1,000,000. If it pays a tax of 10% on its profit, how much will it pay in tax?

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 Veritas University 2020 General Studies Question 19. It is one of the objective questions from the 2020 Post Utme Veritas University General Studies 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