Post Utme Veritas University 2022 Commerce Question 17

Practice objective / multiple choice question 17 from the 2022 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2022 Commerce Objective / Multiple Choice
Question 17 POST_UTME_VERITAS_UNIVERSITY • 2022 • COMMERCE • objective

A sole trader, Mr. A, has a business income of ₦500,000 and a business expense of ₦200,000. If he has a personal income of ₦300,000 and a personal expense of ₦100,000, what is his total taxable income?

Answer Options

A. ₦600,000
B. ₦700,000
Correct Answer C. ₦800,000
D. ₦900,000
Correct Answer
C
Correct Option:
₦800,000

About This Question

This is Post Utme Veritas University 2022 Commerce Question 17. It is one of the objective questions from the 2022 Post Utme Veritas University Commerce examination.

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