CIMA Fundamentals of Business Economics BA1 Question # 44 Topic 5 Discussion

CIMA Fundamentals of Business Economics BA1 Question # 44 Topic 5 Discussion

BA1 Exam Topic 5 Question 44 Discussion:
Question #: 44
Topic #: 5

Select the best definition of a regressive tax from the options below:


A.

A tax which rises proportionately with income


B.

A tax which rises more than proportionately with income


C.

A tax which rises less than proportionately with income


D.

A tax on expenditure


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