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
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
1 answer
1 answer