O-LevelEconomicsGovernment and the macroeconomy2281/12 · Oct/Nov 2022 · Q171 Mark

The table shows the rate of income tax paid at different income levels. level of income $ | rate of income tax % 30000 | 20 40000 | 30 50000 | 40 What describes this type of tax?

Aindirect

Bprogressive

Cproportional

Dregressive

✓ Correct answer

B: progressive

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Topic: Government and the macroeconomy, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2022 Paper 1 Variant 2, question 17.

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