Continuing the above example, his total CRA is:
A₦1,000,000
B₦1,200,000CORRECT
C₦1,400,000
D₦600,000
CITNPersonal Taxation
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Why the answer is B, and why the others tempt you.
CRA = ₦200,000 + (20% × ₦5,000,000) = ₦200,000 + ₦1,000,000 = ₦1,200,000.
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