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Taxes

Authored by Elizabeth Ihimi

Mathematics

5th - 7th Grade

Used 1+ times

Taxes
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6 questions

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1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Ife earns N72,000.00 per annum. His consolidated relief allowance is N15,000.00. How much is his tax free income

72,000

57000

15,000

87,000

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Ife earns N72,000.00 per annum. His consolidated relief allowance is N15,000.00. How much is his taxable income

N72,000

N15,000

N57,000

N82,000

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Tofunmi earns N360,000 per annum. he is allowed a tax free income of N10,000. Calculate his taxable income

360,000

350,000

370,000

10,000

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Tofunmi earns N360,000 per annum. he is allowed a tax free income of N10,000. Calculate his income tax at 5% per annum.

17,500

18,000

10,000

360,000

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The taxable income is the part of one's income that can be taxed

False

True

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Another name for consolidated relief allowance is

taxable income

Tax free income

Tax rate

Inome tax

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