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A form of tax that is mildly progressive and regressive is_______

Economics
JAMB 2019

A form of tax that is mildly progressive and regressive is_______

  • A. Proportional tax
  • B. Progressive tax
  • C. Regressive tax
  • D. Digressive tax
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Correct Answer: Option A
Explanation

In a proportional tax system, all taxpayers are required to pay the same percentage of their income in taxes. This means that lower class, or middle class, or upper class people pay the same amount of tax. This is characterized by a Progressive and Regressive taxing system

 


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WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709