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  5. Mr.A earns N300 and...

Mr.A earns N300 and pays N15 in tax. Mr. B earns N100 and pays N6...

Economics
JAMB 1980
Mr.A earns N300 and pays N15 in tax. Mr. B earns N100 and pays N6 in tax. This tax system can be described as?
  • A. proportional tax
  • B. progressive tax
  • C. competitive tax
  • D. excise tax
  • E. regressive tax
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Correct Answer: Option E
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