Post Utme Wellspring University 2022 Economics Question 6

Practice objective / multiple choice question 6 from the 2022 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2022 Economics Objective / Multiple Choice
Question 6 POST_UTME_WELLSPRING_UNIVERSITY • 2022 • ECONOMICS • objective

A government imposes a tax on imported goods to raise revenue. The tax is levied at a rate of 15% of the value of the good. If the value of the good is ₦10,000, what is the amount of tax paid?

Answer Options

A. ₦1,000
Correct Answer B. ₦1,500
C. ₦2,000
D. ₦2,500
Correct Answer
B
Correct Option:
₦1,500

About This Question

This is Post Utme Wellspring University 2022 Economics Question 6. It is one of the objective questions from the 2022 Post Utme Wellspring University Economics examination.

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