CIMA Fundamentals of Business Economics BA1 Question # 132 Topic 14 Discussion

CIMA Fundamentals of Business Economics BA1 Question # 132 Topic 14 Discussion

BA1 Exam Topic 14 Question 132 Discussion:
Question #: 132
Topic #: 14

A regressive tax is defined as one where:


A.

The amount of tax paid by a taxpayer falls as income rises


B.

The rate of tax is different for different income levels


C.

The proportion of income paid in tax rises as income falls


D.

The tax is levied on expenditure not income


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