A tax system which takes lesser percentage of a tax payers income as his income increase is known as?

By: |Published on: May 5|Categories: Economics NECO| 0 comments

A. direct tax
B. indirect tax
C. progressive tax
D. proportional tax
E. regressive tax

Correct Answer:

Option C – progressive tax

Users Also Read These:

SEE ALSO  A business formation with a minimum of two and maximum of twenty persons is called?

Copyright warnings! Do not copy.