Posted by: Pdfprep
Post Date: February 24, 2021
Country A’s tax system is one where every citizen pays tax on earned income over S12,000 per year. The amount of tax paid as a percentage of income rises as individuals income levels rise.
Which of the following describes the nature of the tax paid by individuals in Country A?
A . Progressive
B . Regressive
C . Retentive
D . Proportional
Answer: B
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