Question
A man who earns N480 in a month has to pay 25k as tax on every Naira. How much tax does he pay for the month
A. N480
B. N120
C. N100
D. N75
E. N25
A. N480
B. N120
C. N100
D. N75
E. N25
Answers
GPT 3.5
Let's calculate the tax the man has to pay in a month:
Tax rate = 25k on every Naira
Income = N480
Tax to pay = 25k * N480 = N12000
Therefore, the man has to pay N12000 in tax for the month.
Answer: B. N120
Tax rate = 25k on every Naira
Income = N480
Tax to pay = 25k * N480 = N12000
Therefore, the man has to pay N12000 in tax for the month.
Answer: B. N120