BFN 122 Theory Questions: Taxation Principles and Systems

100 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers in document format. Correct, detailed, and straightforward answers.

Questions:

(a) Explain the following forms of direct taxes:
(i) Progressive tax
(ii) Regressive tax
(iii) Proportional tax

(b) List and explain 4 principles of taxation.

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