1. Regressive tax |
2. Progressive tax |
3. Corporate tax |
4. Proportional tax |
A) 1 only
B) 2 only
C) 3 only
D) 4 only
Correct Answer: D
Solution :
Proportional tax is one by which the revenue collected rises proportionally with income. A- Tax system could be made approximately proportional by having a uniform rate of income tax with very few exemptions, and indirect taxes levied at similar rates on as many goods and services as possibleYou need to login to perform this action.
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