The curve labeled III illustrate a system of taxation
A.
regressive tax
B.
progressive tax
C.
value added tax
D.
proportional tax
Correct Answer: Option A
Explanation
A regressive tax falls as incomes increases while progressive tax rises as income increases. Proportional tax is a flat rate while value added tax is the tax imposed on goods and services at each stage of production.
Contributions ({{ comment_count }})
Please wait...
Modal title
Report
Block User
{{ feedback_modal_data.title }}