A tax is defined as regressive if
...A tax is defined as regressive if
The proportion of income paid as tax increase as the income level increases
All income group pay the same percentage of their income as tax
The proportion if income taen by the tax falls as income increases
The proportion of income taken by the tax is a fixed nominal amount of income for all income groups
Correct answer is C
No explanation has been provided for this answer.
The mobility of labour is mainly determined by ...
Which of the following statements is correct? ...
Short-term loans for investment are usually obtained through the ...
In the equation Q = a - bp + e; Q and P are .... Variables respectively. ...
Foreign investment can be attracted to Nigeria through ...
One of the gains by member states of the Economic Community of West Africa is ...
Frictional unemployment can be reduced by ...