O-LevelEconomicsGovernment and the macroeconomy2281/11 · Oct/Nov 2011 · Q261 Mark

A tax on which of the following is usually progressive and is paid by a large number of tax payers?

Acompany profits

Bgoods and services

Cincomes

Dsales of shares

✓ Correct answer

C: incomes

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Topic: Government and the macroeconomy, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2011 Paper 1 Variant 1, question 26.

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