Post Utme Veritas University 2024 Economics Question 16

Practice objective / multiple choice question 16 from the 2024 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2024 Economics Objective / Multiple Choice
Question 16 POST_UTME_VERITAS_UNIVERSITY • 2024 • ECONOMICS • objective

A government imposes a tax on a firm's profits. The tax rate is 20% of the profit. If the firm's profit is ₦1,000,000, what is the amount of tax paid?

Answer Options

Correct Answer A. ₦200,000
B. ₦250,000
C. ₦300,000
D. ₦400,000
Correct Answer
A
Correct Option:
₦200,000

About This Question

This is Post Utme Veritas University 2024 Economics Question 16. It is one of the objective questions from the 2024 Post Utme Veritas University Economics examination.

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