Post Utme Veritas University 2024 Economics Question 14

Practice objective / multiple choice question 14 from the 2024 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2024 Economics Objective / Multiple Choice
Question 14 POST_UTME_VERITAS_UNIVERSITY • 2024 • ECONOMICS • objective

A firm's tax rate is 20%. If the firm's profit is 100 million naira, what is the tax liability?

Answer Options

A. ₦10,000,000
Correct Answer B. ₦20,000,000
C. ₦30,000,000
D. ₦40,000,000
Correct Answer
B
Correct Option:
₦20,000,000

About This Question

This is Post Utme Veritas University 2024 Economics Question 14. It is one of the objective questions from the 2024 Post Utme Veritas University Economics examination.

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