A tax that increases at a higher percentage as income increase is called?

Economics

JAMB 2001

A. a proportion tax
B. a regressive tax
C. a progressive tax
D. an income tax

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Correct Answer: Option C

Explanation

A progressive tax is one where the tax rate increases as the taxable amount (like income) rises, so higher earners pay a larger percentage. This contrasts with flat or regressive taxes.

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A tax that increases at a higher percentage as income increase is called?

Correct Answer: Option C

Explanation

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