A tax system in which the rich pay a higher percentage of...
A tax system in which the rich pay a higher percentage of income as tax than the poor is known as
Capital gains tax
Progressive taxation
Proportional taxation
Regressive taxation
Sales tax
Correct answer is B
A progressive tax is a tax system that increases rates as the taxable income goes up.
Progressive taxation means higher tax rates for those with higher income or more wealth so that those who earn or have more are taxed at a higher rate.
The determination of price by bargaining between buyers and sellers is_______ ...
Economics is a social science concerned with the proper use and_____ ...
The reward for land as a factor of production is ...
One of the major effects of an increase in government expenditure on a nation’s economy is tha...
The optimal range of output for a perfectly competitive firm is ...
ECOWAS was formed for the purpose of________ ...
Government's involvement in agricultural business in Nigeria is most manifested in the ...
The most important attribute of money is ...
An economy system that uses what is regarded as the "Market mechanism" is called_______ ...
When a firm is enjoying internal economies of scale, its? ...